Updated Dec 21, 2023
Taconic Capital Advisors And Friedman Real Estate Acquire Industrial Portfolio For $46M
Waterford, Michigan, United States
$46,000,000
$37/SF
Building Size
1,230,000 SF
Asset Type
Industrial
Closing
Aug 2, 2022
About this deal
AI
An industrial portfolio located in Liverpool, NY and Waterford, MI has been sold for a total of $46,000,000. The portfolio spans a total area of 1,230,000 square feet, resulting in an average price per square foot of $37.
Summary of transaction details
- Property Type: Industrial
- Sale Price: $46,000,000
- Total Square Footage: 1,230,000
- Price per Square Foot: $37
- Market: Liverpool, NY & Waterford, MI
Taconic Capital Advisors, represented by James Jordan, and Friedman Real Estate, represented by Jared Friedman, were the buyers in this transaction.
Players
Waterford Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93