B&D Holdings Purchases Industrial Property In Hillburn From Don Brennan For $10.35M
260 Old Route 17
$10,350,000
$345/SF
Building Size
30,000 SF
Asset Type
Industrial
Closing
Apr 4, 2025
AI
The property asset involved in this transaction is an industrial facility located at 260 Old Route 17 in Hillburn. The sale price for the property was $10,350,000, with a total area of 30,000 square feet, resulting in a price per square foot of $345.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $10,350,000
- Address: 260 Old Route 17
- Market: Hillburn
- Square Footage: 30,000
- Price per Square Foot: $345
- Buyer: Martin Segal, Rob Logan & Jack Shulman - B&D Holdings
- Seller: Don Brennan
- Brokerage Representatives: Nick Stefans, Jordan Avanzato, Marc Duval & Jason Lundy - JLL
Key individuals in this transaction include the buyers Martin Segal, Rob Logan, and Jack Shulman, representing B&D Holdings, which has an interest in acquiring IOS and shallow bay industrial properties. The brokerage team involved consisted of Nick Stefans, Jordan Avanzato, Marc Duval, and Jason Lundy from JLL.
Players
Hillburn 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
1.53%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93