Allen Weinstein & Aron Gittleson Provide $6,600,000 Loan To Chaim Hold For Industrial Acquisition
146 Tower Drive
$6,600,000
$115/SF
Building Size
57,000 SF
Asset Type
Industrial
Closing
Apr 16, 2026
AI
The property asset involved in this transaction is an industrial facility located at 146 Tower Drive in Middletown. The asset spans 57,000 square feet and is associated with an acquisition loan amount of $6,600,000.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,600,000
- Lender: Allen Weinstein & Aron Gittleson - CDK Capital
- Landlord: Chaim Hold
- Loan Type: Acquisition
Key individuals involved in this transaction include Allen Weinstein and Aron Gittleson, who represent CDK Capital as the lenders for the acquisition. Chaim Hold is identified as the landlord associated with the property.
Players
Middletown 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
2.40%
Cash-on-Cash
-0.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93