Updated Oct 28, 2024
Capital Bank Provides $8.98M Loan For Industrial Property Acquisition In Albany
136 Fuller Road, Albany, New York 12205, United States
$8,984,000
$33/SF
Building Size
266,412 SF
Asset Type
Industrial
Closing
Oct 27, 2022
About this deal
AI
The industrial property located at 136 Fuller Road in Albany has been involved in a recent transaction. The property spans a total of 266,412 square feet and is part of the Albany market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $8,984,000
- Address: 136 Fuller Road, Albany
- Lender: Capital Bank
- Landlord: Redstone - Myles Frendel
- Broker: Amy Lousararian - JLL
Myles Frendel from Redstone and Amy Lousararian from JLL played essential roles as the landlord and broker, respectively, in this acquisition.
On the Map
$8,984,000
$33/SF
Industrial
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Players
City of Albany Industrial Market Snapshot
Boundary boundary · Industrial · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.77%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93