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Westchester, NY, USA

Bank Of America Provides $400M Loan For Executive Park Portfolio Industrial Property
FINANCEDIndustrial

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

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.

Players

Michael Tepedino

JLL

Broker

$5.2B

vol

12 deals

Broker
Bank of America
Bank of AmericaLender

Robert Martin

Co

Landlord

$947.7M

vol

6 deals

Landlord

Chappaqua 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

0.04%

Cash-on-Cash

-0.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93