Joe Kotler Acquires Industrial Property In Pennsylvania For $16.75M
Pennsylvania, United States
$16,750,000
Building Size
—
Asset Type
Industrial
Closing
Sep 12, 2022
AI
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
Frenchville Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.95%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93