Updated Mar 10, 2025
Joel Bergstein Of Lincoln Equities Group Leases 109450 SF Industrial Space To National Ramp In Valley Cottage
625 Corporate Way
Building Size
109,450 SF
Asset Type
Industrial
Closing
Mar 7, 2025
About this deal
AI
The asset involved in this transaction is a newly built Class A industrial facility located at 625 Corporate Way in Valley Cottage, NY. The property spans a total area of 109,450 square feet, catering to industrial use.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 625 Corporate Way
- Market: Valley Cottage
- Landlord: Joel Bergstein - Lincoln Equities Group
- Tenant: Garth Walker - National Ramp
This lease transaction was facilitated between Lincoln Equities Group, represented by Joel Bergstein, and National Ramp, represented by Garth Walker. The landlord has successfully signed a lease agreement with the tenant at Lincoln Logistics Rockland.
On the Map
Industrial
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Players
Valley Cottage 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