Updated Oct 29, 2024
Bank Of America Provides $400M Loan For Executive Park Portfolio Industrial Property
Westchester, NY, USA
$400,000,000
$129/SF
Building Size
3,100,000 SF
Asset Type
Industrial
Closing
Mar 28, 2019
About this deal
AI
The Executive Park Portfolio, an industrial property located in Westchester, was recently involved in a closed transaction. The property spans across 3,100,000 square feet and is owned by Robert Martin Co.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $400,000,000
- Address: Executive Park Portfolio
- Market: Westchester
The loan for this transaction was provided by Bank of America. The brokers who represented the deal were HFF, with Michael Tepedino, Peter Rotchford, Scott Findlay, and Jackie Ferrer playing key roles in the negotiations.
On the Map
$400,000,000
$129/SF
Industrial
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Players
Chappaqua 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
0.04%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93