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8 Leecon Court

StanCorp Financial Group Funds $3M Refinance For Industrial Property On Long Island
FINANCEDIndustrial

StanCorp Financial Group Funds $3M Refinance For Industrial Property On Long Island

8 Leecon Court

$3,000,000

$67/SF

Building Size

44,690 SF

Asset Type

Industrial

Closing

Feb 21, 2024

AI

An Industrial property spanning 44,690 square feet located at 8 Leecon Court in Long Island was involved in a recent transaction. The property was refinanced for a loan amount of $3,000,000.

Summary of transaction details:

Amber Coleman and Lili Grbavac from CBRE represented the parties involved in the refinancing deal.

Players

Amber Coleman

CBRE

Broker

$70.3M

vol

3 deals

Broker
StanCorp
StanCorpLender

Southampton Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.29%

Cash-on-Cash

-1.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93