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2 Alpine Ct, Spring Valley,...

2 Alpine Ct
LEASEDIndustrial

2 Alpine Ct

2 Alpine Ct, Spring Valley, NY, 10977

Building Size

65,000 SF

Asset Type

Industrial

Closing

Sep 1, 2015

AI

The property located at 2 Alpine Ct, Spring Valley, NY, 10977 is a 65,000 square foot leased space in the Spring Valley market. The property has recently been leased, adding to the dynamics of the local real estate landscape.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Address: 2 Alpine Ct, Spring Valley, NY, 10977
  • Market: Spring Valley
  • Tenant: Weiss Realty
  • Landlord: Murray Construction
  • Tenant's Representative: Dean Brody, Howard Weinberg - JLL
  • Landlord's Representative: Brian Fitzsimons - Murray Construction
  • Square Feet: 65,000

This transaction involved key representatives, including Howard Weinberg and Dean Brody of JLL, who represented Weiss Realty as the tenant. Brian Fitzsimons acted as the in-house representative for the landlord, Murray Construction, ensuring a smooth process throughout the leasing agreement.

Players

Howard Weinberg

JLL

Broker

$22M

vol

4 deals

Broker
WR
Weiss RealtyTenant

Spring Valley 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93