Updated Jun 26, 2025
Mac Lee Of BLP Acquires Industrial Asset From Pepsi Frito-Lay For $37.6M In Bronx
1101 Oak Point Avenue
$37,600,000
$391/SF
Building Size
96,147 SF
Asset Type
Industrial
Closing
Jun 16, 2025
About this deal
AI
1101 Oak Point Avenue is an industrial asset located in the Bronx, consisting of a 2.2-acre urban last-mile facility that features a 32,000 square foot warehouse and a 1,500 square foot service garage. The sale price for this property was $37,600,000, resulting in a price per square foot of $391.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $37,600,000
- Address: 1101 Oak Point Avenue
- Market: Bronx
- Buyer: Mac Lee - BLP
- Seller: Pepsi / Frito-Lay
- Square Footage: 96,147
- Price per Square Foot: $391
BLP acquired the property through an off-market, sale-leaseback transaction. The notable transaction involved Mac Lee representing BLP as the buyer and Pepsi/Frito-Lay as the seller.
On the Map
$37,600,000
$391/SF
Industrial
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Players
Bronx 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
0.42%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93