W. P. Carey Acquires Industrial Property In Rome, NY For $137M
SOLD
$137,000,000
New York
See Similar DealsIndustrial779,000 SF
Sold 06/17/2021
SOLD
W. P. Carey Acquires Industrial Property In Rome, NY For $137M
1 Atlas Drive, Rome, NY, USA
See Similar DealsIndustrial779,000 SF
Sold 06/17/2021
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$175
Total Square Footage:779,000 SF
Transaction Type:Sale
Located at 1 Atlas Drive in Rome, NY, this industrial property was recently sold in a closed transaction. The property spans a total area of 779,000 square feet, offering ample space for industrial operations. The sale price for this property was recorded at $137,000,000, resulting in a price per square foot of $175.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $137,000,000
- Address: 1 Atlas Drive, Rome, NY
- Market: Rome, NY
- Buyer: W. P. Carey - Gino Sabatini
Gino Sabatini, representing W. P. Carey, played a key role in the completion of this transaction. Acting as the buyer's representative, Sabatini facilitated the acquisition of this industrial property, ensuring a successful deal for his client.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$7,306,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$486,732.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$649,449.89
Annual Debt Service$7,793,398.73
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