Capital Bank Provides $8.98M Loan For Industrial Property Acquisition In Albany
FINANCED
$8,984,000
New York
See Similar DealsIndustrial266,412 SF
Financed 10/28/2022
FINANCED
Capital Bank Provides $8.98M Loan For Industrial Property Acquisition In Albany
136 Fuller Road, Albany, New York 12205, United States
See Similar DealsIndustrial266,412 SF
Financed 10/28/2022
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$33
Total Square Footage:266,412 SF
Transaction Type:Loan
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
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$8,984,000.00
Monthly NOI$59,893.33
Monthly Debt Service$56,784.99
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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