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244 Dukes Street

BEB Capital Acquires 87,000 SF Industrial Property In Kearny For $5M Loan
FINANCEDIndustrial

BEB Capital Acquires 87,000 SF Industrial Property In Kearny For $5M Loan

244 Dukes Street

$5,000,000

$57/SF

Building Size

87,000 SF

Asset Type

Industrial

Closing

Feb 17, 2023

AI

An acquisition loan in the amount of $5,000,000 has been secured for the industrial property located at 244 Dukes Street in Kearny. The property spans a total of 87,000 square feet.

Summary of transaction details

BEB Capital, represented by Sean Silverbrook, Keyvan Ghaytanchi, and Lee J. Brodsky, provided the loan for the acquisition of the industrial property at 244 Dukes Street in Kearny.

Players

Sean Silverbrook

BEB Capital

Lender

$71.9M

vol

15 deals

Lender
BEB Capital
BEB Capital Lender

Market Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.17%

Cash-on-Cash

-0.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93