Joe Kotler Acquires Industrial Property In Pennsylvania For $16.75M
SOLD
$16,750,000
Pennsylvania
See Similar DealsIndustrial
Sold 09/12/2022
SOLD
Joe Kotler Acquires Industrial Property In Pennsylvania For $16.75M
Pennsylvania, United States
See Similar DealsIndustrial
Sold 09/12/2022
Summary
PENNSYLVANIA
Asset Type:Industrial
Transaction Type:Sale
An industrial property in Pennsylvania has been sold for a price of $16,750,000. The transaction took place on 12/09/2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $16,750,000
The buyer of the property is Joe Kotler, who represents Horizon Equities. The mortgage brokers involved in the deal were Ariel Forman and Asher Urbach from Meridian Capital Group.
These key individuals and companies played a significant role in the successful transaction of the industrial property in Pennsylvania.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$893,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$59,509.22
Cash-on-Cash Return-1.27%
Monthly Debt Service$79,403.55
Annual Debt Service$952,842.55
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