MSM Equities Acquires Industrial Property In Syracuse For $20.4M With Brokers Marcel Sarkisian & Brandon Abdelnour
SOLD
$20,400,000
New York
See Similar DealsIndustrial496,200 SF
Sold 06/30/2022
SOLD
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
See Similar DealsIndustrial496,200 SF
Sold 06/30/2022
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$41
Total Square Footage:496,200 SF
Transaction Type:Sale
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.
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
Contact
Get in touch with the broker you want
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)
$1,087,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$72,476.90
Cash-on-Cash Return-1.27%
Monthly Debt Service$96,706.41
Annual Debt Service$1,160,476.89
Is there something missing? Send suggestions