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39 Westmoreland Avenue

Piece Of Cake Moving & Storage Purchases Industrial Property At 39 Westmoreland Avenue For $7.5M
SOLDIndustrial

Piece Of Cake Moving & Storage Purchases Industrial Property At 39 Westmoreland Avenue For $7.5M

39 Westmoreland Avenue

$7,500,000

$86/SF

Building Size

86,401 SF

Asset Type

Industrial

Closing

Feb 11, 2025

AI

The property asset involved in this transaction is an industrial facility located at 39 Westmoreland Avenue, White Plains. The sale price was $7,500,000, and the building encompasses 86,401 square feet, yielding a price per square foot of $86.

Summary of transaction details:

Key individuals involved in this transaction include Vincent Lopez and Jacques Wadler, who represented the buyer, Piece of Cake Moving & Storage, while William Anson represented the seller, Benerofe Properties. Each party's representation played a crucial role in facilitating the deal.

Players

William Anson

RM Friedland

Broker

$47M

vol

3 deals

Broker

White Plains 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

2.12%

Cash-on-Cash

-0.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93