Updated Oct 28, 2024
Deerin Companies Acquires Retail Property In Lititz, PA For $1.6M
100 W Airport Rd, Lititz, PA, USA
$1,600,000
$170/SF
Building Size
9,376 SF
Asset Type
Retail
Closing
Apr 14, 2021
About this deal
AI
The property involved in this transaction is a retail asset located at 100 West Airport Rd in Lititz, PA. The property spans 9,376 square feet and was sold for a price of $1,600,000, resulting in a price per square foot of $171.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,600,000
- Address: 100 West Airport Rd, Lititz, PA
- Market: Lititz, PA
The buyer of the property is Deerin Companies, LLC, while the seller is Hoss's Restaurant Operations, Inc. Representing the buyer in the deal is Deepa Balepur from Compass Commercial Real Estate. On the other hand, representing the seller are Daniel Berger and Daniel Berger, Jr. from U.S. Commercial Realty Inc.
On the Map
$1,600,000
$170/SF
Retail
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Players
Lititz Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93