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625 Corporate Way

Joel Bergstein Of Lincoln Equities Group Leases 109450 SF Industrial Space To National Ramp In Valley Cottage
LEASEDIndustrial

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

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.

Players

Joel Bergstein

Lincoln Equities Group

Landlord

$407M

vol

6 deals

Landlord

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