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260 Old Route 17

B&D Holdings Purchases Industrial Property In Hillburn From Don Brennan For $10.35M
SOLDIndustrial

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

Jordan Avanzato

NAI James E. Hanson

Broker

$2.5B

vol

52 deals

Broker
Jack Shulman

Jack Shulman

B&D Holdings

Buyer

$199.2M

vol

12 deals

Buyer

Hillburn Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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