Updated Dec 20, 2023
Cushman & Wakefield Facilitates $163.3M Loan For 921,000 SF Industrial Property In Hudson Valley
50 Prospect Hill Road, Brewster, New York 10509, United States
$163,300,000
$177/SF
Building Size
921,000 SF
Asset Type
Industrial
Closing
Dec 2, 2021
About this deal
AI
An industrial property located at 50 Prospect Hill Road in Hudson Valley has been involved in a transaction. The property spans 921,000 square feet, situated on 328 acres of land.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $163,300,000
- Date: 12/03/2021
- Lender: Heitman
- Landlord: Lincoln Equities Group - Joel Bergstein & H.I.G. Realty Partners - Ira Weidhorn
- Brokers: John Alascio, Chuck Kohaut, TJ Sullivan & Meredith Donovan - Cushman & Wakefield
- Loan Type: Acquisition & Construction
The transaction involved the following key individuals and companies: John Alascio, Chuck Kohaut, TJ Sullivan, and Meredith Donovan from Cushman & Wakefield acted as brokers in the deal.
On the Map
$163,300,000
$177/SF
Industrial
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Players
Brewster 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
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93