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377 Carlls Path Deer Park, ...

Thor Equities Acquires Industrial Property In Deer Park, NY For $35.6M Loan
FINANCEDIndustrial

Thor Equities Acquires Industrial Property In Deer Park, NY For $35.6M Loan

377 Carlls Path Deer Park, NY 11729, USA

$35,629,000

$188/SF

Building Size

189,000 SF

Asset Type

Industrial

Closing

May 25, 2023

AI

A property located at 377 Carlls Path in Deer Park has been involved in a closed transaction. The industrial asset spans approximately 189,000 square feet with a buildable square footage of 306,000. The transaction took place on 05/25/2023.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $35,629,000
  • Address: 377 Carlls Path, Deer Park
  • Market: Deer Park
  • Lender: Thorofare Capital - David Perlman, Eddie Prosser & Henry Johnson
  • Landlord: Thor Equities - Joe Sitt & Alec Ludwig
  • Brokers: Chris Herron & Anthony D'amelio - Iron Hound Management Company

The lenders involved in this acquisition loan are David Perlman, Eddie Prosser, and Henry Johnson from Thorofare Capital. They provided a loan amount of $35,629,000. On the landlord side, Joe Sitt and Alec Ludwig from Thor Equities were involved in the transaction. Serving as brokers for the deal were Chris Herron and Anthony D'amelio from Iron Hound Management Company.

Players

Christopher Herron

Iron Hound Management Company

Broker

$545.8M

vol

7 deals

Broker

Alec Ludwig

Thor Equities

Landlord

$116.3M

vol

5 deals

Landlord

New York 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

0.45%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93