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
$14,850,000
$29/SF
Building Size
127,000 SF
Asset Type
Industrial
Closing
Feb 5, 2025
AI
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.
Players
Lancaster 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
1.07%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93