Updated Oct 29, 2024
Prime Storage Nanuet, LLC Acquires Former Tennis Center In Bardonia, New York For $35M
21 Pralle Lane Nanuet, NY 10954, USA
$35,000,000
Building Size
—
Asset Type
Commercial
Closing
Aug 14, 2023
About this deal
AI
Nanuet's commercial property market witnessed a significant transaction on 08/14/2023 as Prime Storage Nanuet, LLC, affiliated with the Prime Group, acquired a former tennis center located at 21 Pralle Lane, Bardonia, New York. The property was sold by 21 Pralle Owner, LLC for a total of $35 million.
Summary of transaction details
- Property Type: Commercial
- Transaction Amount: $35,000,000
- Address: 21 Pralle Lane, Bardonia, New York
- Market: Nanuet
This significant acquisition by Prime Storage Nanuet, LLC reflects their strategic vision in expanding their commercial real estate portfolio. The purchase of the former tennis center adds to their diverse range of properties and highlights their commitment to identifying valuable investment opportunities in the Nanuet market.
Nanuet Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93