Mac Lee Of BLP Acquires Industrial Asset From Pepsi Frito-Lay For $37.6M In Bronx
SOLD
$37,600,000
New York
See Similar DealsIndustrial96,147 SF
Sold 06/17/2025
SOLD
Mac Lee Of BLP Acquires Industrial Asset From Pepsi Frito-Lay For $37.6M In Bronx
1101 Oak Point Avenue
See Similar DealsIndustrial96,147 SF
Sold 06/17/2025
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$391
Total Square Footage:96,147 SF
Transaction Type:Sale
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.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,005,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$133,584.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$178,243.18
Annual Debt Service$2,138,918.19
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