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Prologis Acquires Industrial Property From Exxon Mobil At 410 Kingsland Avenue For $120 Million

Property Image
SOLD
$120,000,000
Daniel (Dan) Lebor
Dan Marks

New York

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Industrial432,439 SF
Sold 12/31/2024
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Property Image
SOLD

Prologis Acquires Industrial Property From Exxon Mobil At 410 Kingsland Avenue For $120 Million

410 Kingsland Avenue

See Similar Deals
Industrial432,439 SF
Sold 12/31/2024
Daniel (Dan) Lebor
Dan Marks
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:Industrial
Price Per Square Foot:$277
Total Square Footage:432,439 SF
Transaction Type:Sale

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

Daniel (Dan) Lebor
Terra CRG
Daniel Lebor
50 deals$986.7M volume
BROKER
Dan Marks
Terra CRG
Dan Marks
48 deals$904.6M volume
BROKER

Details

SOLD
IMAGE: Dan Marks & Daniel Lebor DATE: 12/30/2024 ADDRESS: 410 Kingsland Avenue MARKET: Brooklyn ASSET TYPE: Industrial BUYER: Prologis (@Prologis) SELLER: Exxon Mobil BROKERS: Dan Marks (@BrooklynDanny_TerraCRG) & Daniel Lebor - Terra CRG (@TerraCRG) SALE PRICE: $120,000,000 SF: 432,439 ~ PPSF: $277

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$6,400,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$426,334.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$568,861.22
Annual Debt Service$6,826,334.65