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146 Tower Drive

Allen Weinstein & Aron Gittleson Provide $6,600,000 Loan To Chaim Hold For Industrial Acquisition
FINANCEDIndustrial

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

CC
CDK CapitalLender

Allen Weinstein

CDK Capital

Lender

$86.6M

vol

4 deals

Lender

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