Realterm Acquires Industrial Property In Blauvelt For $102.5M
SOLD
$102,500,000
New York
See Similar DealsIndustrial175,775 SF
Sold 02/04/2022
SOLD
Realterm Acquires Industrial Property In Blauvelt For $102.5M
100 Oritani Dr, Blauvelt, New York 10913, United States
See Similar DealsIndustrial175,775 SF
Sold 02/04/2022
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$583
Total Square Footage:175,775 SF
Transaction Type:Sale
Jonathan Schultz, John Saraceno, Jr., and Brian Fiumara were responsible for the sale of the industrial property located at 100-400 Oritani Drive in Blauvelt. The transaction took place on 02/04/2022, and the property spans 21.8 acres. Realterm purchased the property from Onix Equities for a total of $102,500,000. With a square footage of 175,775, the price per square foot equates to $583.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $102,500,000
- Address: 100-400 Oritani Drive, Blauvelt
- Market: Blauvelt
- Square Footage: 175,775
- Acres: 21.8
Brian Fiumara from CBRE represented Realterm in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$5,466,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$364,160.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$485,902.29
Annual Debt Service$5,830,827.52
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