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8433 Washington Pl NE Albuq...

BND Holdings Acquires Industrial Property In Albuquerque For $13M
SOLDIndustrial

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

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

Martin Segal

BND Holdings

Buyer

$154.7M

vol

14 deals

Buyer

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