Empire Liberty Square, LLC Acquires Office Property In Harrisburg, Pennsylvania For $16M
4807 Jonestown Road, Harrisburg, Pennsylvania 17109, United States
$16,000,000
$168/SF
Building Size
95,000 SF
Asset Type
Office
Closing
Feb 21, 2022
AI
Empire Liberty Square, LLC has acquired an office property located at 4807-4815 Jonestown Road in Harrisburg, Dauphin County, Pennsylvania. The property spans across 4.66 acres and was sold by Room One Corporation. The sale took place on February 22, 2022.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $16,000,000
- Address: 4807-4815 Jonestown Road
- Market: Harrisburg, Dauphin County, Pennsylvania
- Acres: 4.66
The buyer, Empire Liberty Square, LLC, was represented by Bo Mangam from Landmark Commercial. On the other hand, The Kislak Company, Inc's Matt Wolf and Robert Holland represented the seller, Room One Corporation. The office property spans 95,000 square feet, with a sale price of $168 per square foot.
Players
Harrisburg Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93