Updated Nov 28, 2024
Thor Equities Acquires Industrial Property In Deer Park For $35M
377 Carlls Path Deer Park, NY 11729, USA
$35,000,000
$184/SF
Building Size
189,500 SF
Asset Type
Industrial
Closing
May 23, 2023
About this deal
AI
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
New York 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
0.45%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93