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2925 E Market St, East York...

Updated Oct 29, 2024

STAG York LLC Acquires Property In East York For $19 Million With Gerard Blinebury's Representation
SOLDWarehouse

STAG York LLC Acquires Property In East York For $19 Million With Gerard Blinebury's Representation

2925 E Market St, East York, PA, 17402

$19,000,000

$48/SF

Building Size

390,000 SF

Asset Type

Warehouse

Closing

Nov 8, 2017

About this deal

AI

The property located at 2925 E Market St, East York, PA, 17402 is an industrial asset that has recently changed ownership. This facility, comprising 390,000 square feet, was sold for $19,000,000.00, indicating a significant value within the York market.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $19,000,000.00
  • Address: 2925 E Market St, East York, PA, 17402
  • Square Footage: 390,000
  • Seller's Representative: Gerard Blinebury-Cushman & Wakefield
  • Buyer: STAG York, LLC

Cushman & Wakefield's Pennsylvania industrial team facilitated this transaction, representing Alliance Partners HSP in the sale. Gerard J. Blinebury, along with team members Joseph Hill, Jr., Pat McBride, and Robert Yoshimura, played critical roles in the negotiation process. The new owner, STAG York, LLC, has plans to lease the remaining 135,000 square feet of the facility, which is particularly suited for warehousing and distribution.

Players

Gerard Blinebury

Cushman & Wakefield

Broker

$19M

vol

4 deals

Broker

York Warehouse Market Snapshot

Boundary boundary · Warehouse · Sale transactions

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Deal FAQ

About $48 per square foot on a published $19M for 390,000 square feet (2017).

Visit Gerard Blinebury to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.83%

Cash-on-Cash

-0.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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