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145 Morgan Lane York, Penns...

Luxury Bathroom Product Distributor Lexora Home Leases 70,000 SF Industrial Space In York, PA
LEASEDMultiFamily

Luxury Bathroom Product Distributor Lexora Home Leases 70,000 SF Industrial Space In York, PA

145 Morgan Lane York, Pennsylvania 17406, Usa

Building Size

70,000 SF

Asset Type

MultiFamily

Closing

Jul 19, 2023

AI

Luxury bathroom product distributor Lexora Home has leased a 70,000 sq ft industrial space at 145 Morgan Lane in York, PA. The property, located in the industrial market of York, offers ample space for Lexora Home's operations. The lease transaction took place on 07/19/2023, with Lexora Home relocating from Secaucus, NJ.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: Not specified
  • Square Footage: 70,000 SF
  • Address: 145 Morgan Lane
  • Market: York, PA

In this lease deal, Lexora Home was represented by Nicholas Klacik, Kevin Dudley, Chad Hillyer, Kate Granahan, John La Prise, and Sean Bleiler from CBRE. They negotiated the terms of the lease on behalf of Lexora Home, facilitating their relocation and expansion. On the other side of the negotiation, Jason Turnbull from Rock Commercial Real Estate acted as the landlord's representative.

Players

Kevin Dudley

CBRE

Broker

$174.8M

vol

22 deals

Broker

York, MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93