Pacer Partners Acquires Industrial Property In Long Island For $5M
SOLD
$5,000,000
New York
See Similar DealsIndustrial25,000 SF
Sold 10/07/2021
SOLD
Pacer Partners Acquires Industrial Property In Long Island For $5M
135 East Industry Court, Deer Park, NY, USA
See Similar DealsIndustrial25,000 SF
Sold 10/07/2021
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$200
Total Square Footage:25,000 SF
Transaction Type:Sale
A 25,000 square foot industrial property located at 135 E. Industry Court in Long Island has been sold for $5,000,000. The transaction took place on October 7, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $5,000,000
- Square Footage: 25,000
- Price per Square Foot: $200
- Address: 135 E. Industry Court, Long Island
- Market: Long Island
Pacer Partners acquired the property from Marshall Fine Arts. The deal was facilitated by brokers Jordan Avanzato and Marc Duval from JLL.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$266,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61
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