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New Mountain Capital Acquires Industrial Facility From AGNL Pastry In Lancaster For $14.85M
SOLD
$14,850,000
New York
See Similar DealsIndustrial508,000 SF
Sold 02/05/2025
SOLD
New Mountain Capital Acquires Industrial Facility From AGNL Pastry In Lancaster For $14.85M
3767 Walden Avenue, 3771 Walden Avenue, 3773 Walden Avenue & 3775 Walden Ave
See Similar DealsIndustrial508,000 SF
Sold 02/05/2025
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$29
Total Square Footage:508,000 SF
Transaction Type:Sale
New Mountain Capital has acquired an industrial baking facility located at 3767 Walden Avenue, 3771 Walden Avenue, 3773 Walden Avenue & 3775 Walden Avenue in Lancaster. The transaction was completed for a total price of $14,850,000 for the asset, which encompasses 127,000 square feet, resulting in a price per square foot of approximately $117.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $14,850,000
- Square Footage: 127,000
- Price per Square Foot: $117
- Buyer: New Mountain Capital
- Seller: AGNL Pastry LLC
New Mountain Capital executed the purchase through its affiliate NM Rise LLC, acquiring the facility from AGNL Pastry LLC, which is associated with TPG Angelo Gordon.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$792,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$52,758.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$70,396.58
Annual Debt Service$844,758.91
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