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1140 Randall Avenue

PepsiCo Purchases Industrial Property From Eastmond Family For $7.75M In Hunts Point Bronx
SOLDIndustrial

PepsiCo Purchases Industrial Property From Eastmond Family For $7.75M In Hunts Point Bronx

1140 Randall Avenue

$7,750,000

$215/SF

Building Size

36,000 SF

Asset Type

Industrial

Closing

Oct 13, 2023

AI

The industrial property at 1140 Randall Avenue in Hunts Point, Bronx has been sold in a recent transaction. The property spans 36,000 square feet and was sold for a total price of $7,750,000, resulting in a price per square foot of $215. The transaction took place between the seller, Eastmond Family, and the buyer, PepsiCo.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $7,750,000
  • Address: 1140 Randall Avenue, Hunts Point, Bronx
  • Market: Hunts Point, Bronx

The deal was facilitated by Ariel Castellanos, Fredric Stein, and Federico Mazzeo from Pinnacle Realty of New York, who served as the brokers in the transaction.

Players

Federico Mazzeo

Pinnacle Realty of New York

Broker

$121.6M

vol

24 deals

Broker

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

2.05%

Cash-on-Cash

-0.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93