JP Morgan Asset Management Provides $80M Refinance Loan For Industrial Property In Yonkers
FINANCED
$80,000,000
New York
See Similar DealsIndustrial435,000 SF
Financed 08/20/2020
FINANCED
JP Morgan Asset Management Provides $80M Refinance Loan For Industrial Property In Yonkers
555 Tuckahoe Rd, Yonkers, NY 10710, USA
See Similar DealsIndustrial435,000 SF
Financed 08/20/2020
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$183
Total Square Footage:435,000 SF
Transaction Type:Loan
The industrial property located at 555 Tuckahoe Road in Yonkers has been involved in a recent transaction. The transaction took place on August 20, 2020. The property is owned by Alfred Weissman Real Estate and the lender for this transaction was JP Morgan Asset Management. The loan amount for this refinance deal was $80,000,000. The property spans approximately 435,000 square feet and is leased to UPS.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $80,000,000
- Address: 555 Tuckahoe Road
- Market: Yonkers
The transaction was facilitated by Gideon Gil, Zachary Kraft, and Meredith Donovan from Cushman & Wakefield, who represented the parties involved in the deal.
Players
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$80,000,000.00
Monthly NOI$533,333.33
Monthly Debt Service$505,654.42
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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