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1750 5th Ave, York, PA, USA

Updated Oct 29, 2024

Red Lion Controls Acquires Office Building In York, PA For $2.4M
SOLDOffice

Red Lion Controls Acquires Office Building In York, PA For $2.4M

1750 5th Ave, York, PA, USA

$2,400,000

$57/SF

Building Size

42,000 SF

Asset Type

Office

Closing

Mar 30, 2021

About this deal

AI

Red Lion Controls has acquired an office property located at 1750 5th Ave in York, PA. The transaction took place on March 31, 2021, with a sale price of $2,400,000. The office building spans 42,000 square feet, resulting in a price per square foot of $57. Robin Zellers, Casey Khuri, and Amber Corbo from NAI CIR represented Red Lion Controls as brokers in this deal.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $2,400,000
  • Address: 1750 5th Ave, York, PA
  • Market: York, PA
  • Buyer: Red Lion Controls
  • Brokers: Robin Zellers, Casey Khuri & Amber Corbo - NAI CIR

The acquisition of the office property by Red Lion Controls was facilitated by brokers Robin Zellers, Casey Khuri, and Amber Corbo from NAI CIR. This deal highlights the expertise and representation provided by these individuals in the real estate market.

Players

Robin Zellers

NAI Global

Broker

$8.7M

vol

2 deals

Broker

Spring Garden Township Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Deal FAQ

About $57 per square foot on a published $2.4M for 42,000 square feet (2021).

Visit Robin Zellers to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.61%

Cash-on-Cash

-1.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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