Cubesmart Acquires Industrial Property In Mott Haven For $9.5M
SOLD
$9,500,000
New York
See Similar DealsIndustrial122,365 SF
Sold 07/20/2020
SOLD
Cubesmart Acquires Industrial Property In Mott Haven For $9.5M
255 Exterior Street, The Bronx, NY 10451, USA
See Similar DealsIndustrial122,365 SF
Sold 07/20/2020
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$77
Total Square Footage:122,365 SF
Transaction Type:Sale
Cubesmart has acquired the ground lease on 255 Exterior Street in the Mott Haven market of New York City's industrial sector. The property, spanning 122,365 square feet, was sold for a price of $9,500,000, resulting in a price per square foot of $77. The seller in this transaction was ABS Partners Real Estate.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $9,500,000
- Address: 255 Exterior Street
- Market: Mott Haven
Cubesmart's acquisition of the ground lease was facilitated by their representative from ABS Partners Real Estate.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$506,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$33,751.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,034.85
Annual Debt Service$540,418.16
Is there something missing? Send suggestions