Updated Dec 14, 2024
BlackRock Real Assets Acquires Industrial Property In Long Island From Seller Eric Witmondt
100 Precision Drive, Shirley, NY, USA
$30,700,000
$235/SF
Building Size
130,565 SF
Asset Type
Industrial
Closing
Mar 22, 2021
About this deal
AI
Larry Fink, Jeff Bezos, and Eric Witmondt were involved in a recent property transaction in Long Island. The property, located at 100 Precision Drive, is an industrial asset. The buyer, BlackRock Real Assets, purchased the property from Eric Witmondt of Woodmont Industrial Partners. Amazon is the tenant of the property.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $30,700,000
- Date: 03/23/2021
- Address: 100 Precision Drive, Long Island
- Square Footage: 130,565
- Price Per Square Foot: $235
In addition to the buyer and seller, notable individuals in this deal include Larry Fink, Jeff Bezos, and Eric Witmondt. BlackRock Real Assets represented the buyer, while Woodmont Industrial Partners represented the seller. The involvement of these individuals and companies highlights the significance of the transaction.
On the Map
$30,700,000
$235/SF
Industrial
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Shirley Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.52%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93