Updated Oct 29, 2024
BND Holdings Acquires Industrial Property In Albuquerque For $13M
8433 Washington Pl NE Albuquerque, NM 87113, USA
$13,000,000
$147/SF
Building Size
87,987 SF
Asset Type
Industrial
Closing
Jul 25, 2023
About this deal
AI
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.
Players
Albuquerque 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
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93