Updated Feb 11, 2025
Kimber America Leases Industrial Space To Patina Rentals At 16 Harrison Avenue In Yonkers
16 Harrison Avenue
$18
$18/SF
Building Size
25,000 SF
Asset Type
Industrial
Closing
Dec 23, 2024
About this deal
AI
The property asset involved in this transaction is located at 16 Harrison Avenue, Yonkers, designated as an industrial asset with a lease type of NNN Lease. The asking rent for this space is $18 per square foot, encompassing a total square footage of 25,000. The landlord for this property is Kimber America, while the tenant is Patina Rentals.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $18/ft
- Square Footage: 25,000
- Address: 16 Harrison Avenue
- Market: Yonkers
- Landlord: Kimber America
- Tenant: Patina Rentals
- Broker: Corey Cohen - The Roebling Group
The deal was facilitated by broker Corey Cohen, founder of The Roebling Group. Cohen expressed enthusiasm in supporting Patina Rentals with their relocation to this site and indicated that the space meets their operational needs effectively. The transaction highlights the growing appeal of Yonkers as a location for innovative companies.
On the Map
$18
$18/SF
Industrial
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Players
Yonkers Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
881277.78%
Cash-on-Cash
-251871.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93