BND Holdings Acquires Industrial Property In Albuquerque For $13M
SOLD
$13,000,000
New Mexico
See Similar DealsIndustrial87,987 SF
Sold
SOLD
BND Holdings Acquires Industrial Property In Albuquerque For $13M
8433 Washington Pl NE Albuquerque, NM 87113, USA
See Similar DealsIndustrial87,987 SF
Sold
Summary
NEW MEXICO
Asset Type:Industrial
Price Per Square Foot:$147
Total Square Footage:87,987 SF
Transaction Type:Sale
The industrial property located at 8433 & 8501 Washington Place NE in Albuquerque, New Mexico has been sold for a total price of $13,000,000. The property spans across 87,987 square feet and has a price per square foot of $148. The transaction took place on 07/25/2023.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $13,000,000
- Square Footage: 87,987
- Price per Square Foot: $148
- Address: 8433 & 8501 Washington Place NE, Albuquerque, New Mexico
- Market: Albuquerque, New Mexico
The buyer of the property is BND Holdings, represented by Martin Segal, Rebecca Weinerman, and Rob Logan. The seller of the property is Kevin Yearout. Martin Segal, Rebecca Weinerman, and Rob Logan serve as BND Holdings' representatives in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$693,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$46,186.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$61,626.63
Annual Debt Service$739,519.59
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