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:
- Property Type: Industrial
- Transaction Amount: $7,500,000
- Address: 39 Westmoreland Avenue
- Market: White Plains
- Square Footage: 86,401
- Price per Square Foot: $86
- Buyer: Piece of Cake Moving & Storage
- Seller: Benerofe Properties
- Buyer's Representative: Vincent Lopez & Jacques Wadler - Knickerbocker Realty Group
- Seller's Representative: William Anson - RM Friedland
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
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