Cushman & Wakefield Facilitates $163.3M Loan For 921,000 SF Industrial Property In Hudson Valley
FINANCED
$163,300,000
+ 1
New York
See Similar DealsIndustrial921,000 SF
Financed 12/03/2021
FINANCED
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
See Similar DealsIndustrial921,000 SF
Financed 12/03/2021
+ 1
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$177
Total Square Footage:921,000 SF
Transaction Type:Loan
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.
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$163,300,000.00
Monthly NOI$1,088,666.67
Monthly Debt Service$1,032,167.08
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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