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
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