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11 Skyline Drive

Skyline-Medico Realty LLC Acquires Industrial Property In Plainview For $7.608M
Industrial

Skyline-Medico Realty LLC Acquires Industrial Property In Plainview For $7.608M

11 Skyline Drive

Building Size

47,421 SF

Asset Type

Industrial

Closing

Mar 13, 2024

AI

An industrial property in Plainview has been sold for $7.608 million to Skyline-Medico Realty LLC, an affiliate of Ruhof Corp. The 47,421-square-foot building on 1.82 acres at 11 Skyline Drive.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $7,608,000
  • Market: Plainview
  • Address: 11 Skyline Drive
  • Square Footage: 47,421
  • Price per Square Foot: $160

The buyer, Skyline-Medico Realty LLC, an affiliate of Ruhof Corp, acquired the industrial property. Representing the buyer was Gregory Picker from Industry One Realty Corporation. On the selling side, The Skyline Holdings LLC was represented by Dean Greiner from Greiner-Maltz Real Estate.

Players

Gregory Picker

Industry One Realty Corporation

Broker

$12.8M

vol

4 deals

Broker

Plainview Industrial Market Snapshot

Boundary boundary · Industrial · All transaction types transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93