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.
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