facebook
Traded Co logo
Submit

BlackRock Real Assets Acquires Industrial Property In Long Island From Seller Eric Witmondt

Property Image
SOLD
$30,700,000

New York

See Similar Deals
Industrial130,565 SF
Sold 03/23/2021
the dealplayerscompscontact
Property Image
SOLD

BlackRock Real Assets Acquires Industrial Property In Long Island From Seller Eric Witmondt

100 Precision Drive, Shirley, NY, USA

See Similar Deals
Industrial130,565 SF
Sold 03/23/2021
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$235
Total Square Footage:130,565 SF
Transaction Type:Sale

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.

Players

BlackRock
BlackRock
BUYER
EW
Eric Witmondt
10 deals$359.3M volume
SELLER
BlackRock
BlackRock
LENDER
Amazon
Amazon
LENDER
Amazon
Amazon
TENANT

Details

SOLD
IMAGE: Larry Fink, Jeff Bezos & Eric Witmondt DATE: 03/23/2021 ADDRESS: 100 Precision Drive MARKET: Long Island ASSET TYPE: Industrial BUYER: @BlackRock Real Assets SELLER: Eric Witmondt - Woodmont Industrial Partners TENANT: @Amazon SALE PRICE: $30,700,000 SF: 130,565 ~ PPSF: $235

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,637,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$109,070.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$145,533.66
Annual Debt Service$1,746,403.95