Thor Equities Acquires Industrial Property In Deer Park For $35M
SOLD
$35,000,000
New York
See Similar DealsIndustrial189,500 SF
Sold 05/23/2023
SOLD
Thor Equities Acquires Industrial Property In Deer Park For $35M
377 Carlls Path Deer Park, NY 11729, USA
See Similar DealsIndustrial189,500 SF
Sold 05/23/2023
Summary
NEW YORK
Asset Type:Industrial
Price Per Square Foot:$184
Total Square Footage:189,500 SF
Transaction Type:Sale
The industrial property located at 377 Carlls Path in Deer Park has been sold for a price of $35,000,000. The transaction took place on 05/23/2023. The property spans over 189,500 square feet, resulting in a price per square foot of $185.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $35,000,000
- Square Footage: 189,500
- Price per Square Foot: $185
- Address: 377 Carlls Path
- Market: Deer Park
The buyer of this property is Thor Equities, while the seller is Madison Realty Capital. The deal was facilitated by Adam Spies and Joshua King from Newmark, as well as Daniel O'Brien from Cushman & Wakefield.
Players
BUYER
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,866,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$124,347.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$165,917.86
Annual Debt Service$1,991,014.27
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