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13 Edison Street East

13 Edison Holding LLC Acquires 61,609-SF Industrial Property In Amityville For $10.688M
SOLDIndustrial

13 Edison Holding LLC Acquires 61,609-SF Industrial Property In Amityville For $10.688M

13 Edison Street East

$10,688,000

$173/SF

Building Size

61,609 SF

Asset Type

Industrial

Closing

Sep 30, 2024

AI

The transaction involves the sale of a 2.56-acre industrial property located at 13 Edison Street in Amityville. The property encompasses a total area of 61,609 square feet and was sold for $10,688,000, resulting in a price per square foot of $173.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $10,688,000
  • Address: 13 Edison Street
  • Market: Amityville
  • Total Acreage: 2.56
  • Square Footage: 61,609
  • Price per Square Foot: $173
  • Buyer: 13 Edison Holding LLC
  • Seller: Hikma Pharmaceuticals USA
  • Buyer's Representative: Alberto Fiorini - Alliance Real Estate Corp.
  • Seller's Representatives: Nicholas Gallipoli, Philip D’Avanzo & Ryan Korzekwinski - Cushman & Wakefield

13 Edison Holding LLC, associated with Express Kitchen Bath & Stone, has acquired the industrial site to enhance its storage and distribution capabilities. The deal was facilitated by a team of representatives from both the buyer and seller's side, ensuring a smooth transaction process.

Players

Nicholas Gallipoli

Cushman & Wakefield

Broker

$163.5M

vol

16 deals

Broker

Amityville 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

1.48%

Cash-on-Cash

-0.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93