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377 Carlls Path Deer Park, ...

Updated Oct 29, 2024

SOLDIndustrial

Thor Equities Acquires Industrial Property In Deer Park For $35M

377 Carlls Path Deer Park, NY 11729, USA

$35,000,000

$185/SF

Building Size

189,000 SF

Asset Type

Industrial

Closing

Jan 13, 2023

About this deal

AI

The industrial property located at 377 Carlls Path in Deer Park has been sold in a closed transaction. The property spans approximately 189,500 square feet and was sold for a total price of $35,000,000, resulting in a price per square foot of $185.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $35,000,000
  • Address: 377 Carlls Path, Deer Park
  • Market: Deer Park

The buyer in this transaction was Thor Equities, while the seller was the New York Eastern District Bankruptcy Court, with the property being sold via bankruptcy auction. The deal was facilitated by brokers Adam Spies, Adam Doneger, Daniel O'Brien, and Gary Gabriel from Cushman & Wakefield.

Players

Adam Doneger

Newmark

Broker

$51.2B

vol

196 deals

Broker
Adam Spies
Verified Badge

Adam Spies

Newmark

Broker

$73B

vol

270 deals

Broker
Thor Equities
Thor EquitiesBuyer

New York Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $185 per square foot on a published $35M for 189,000 square feet (2023).

Visit Gary Gabriel to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.45%

Cash-on-Cash

-0.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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