Prologis Acquires Industrial Property From Exxon Mobil At 410 Kingsland Avenue For $120 Million
410 Kingsland Avenue
$120,000,000
$277/SF
Building Size
432,439 SF
Asset Type
Industrial
Closing
Dec 31, 2024
AI
The industrial asset located at 410 Kingsland Avenue in Brooklyn has a sale price of $120,000,000. The property encompasses a total area of 432,439 square feet, resulting in a price per square foot of $277.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $120,000,000
- Address: 410 Kingsland Avenue
- Market: Brooklyn
- Square Footage: 432,439 SF
- Price Per Square Foot: $277
- Buyer: Prologis
- Seller: Exxon Mobil
- Broker Representatives: Dan Marks & Daniel Lebor - Terra CRG
The transaction involved Prologis acquiring the property from Exxon Mobil, facilitated by brokers Dan Marks and Daniel Lebor from Terra CRG. The deal showcases the engagement of key players in the industrial real estate market.
Players
Brooklyn 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
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93