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
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.
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