Updated Oct 28, 2024
MSM Equities Acquires Industrial Property In Syracuse For $20.4M With Brokers Marcel Sarkisian & Brandon Abdelnour
2900 Mclane Road, Lysander, New York 13027, United States
$20,400,000
$41/SF
Building Size
496,200 SF
Asset Type
Industrial
Closing
Jun 29, 2022
About this deal
AI
Located at 2900 McLane Rd. in Syracuse, this industrial property was recently sold in a transaction on June 30, 2022. The property spans a total of 496,200 square feet and was sold for a price of $20,400,000.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $20,400,000
- Address: 2900 McLane Rd.
- Market: Syracuse
The buyer of the property was MSM Equities, represented by John Frisina and Igor Derbaremdiker. The sale was facilitated by brokers Marcel Sarkisian and Brandon Abdelnour from Encore Real Estate Investment Services.
On the Map
$20,400,000
$41/SF
Industrial
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Players
Baldwinsville 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
0.78%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93