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425 Saw Mill River Road

Jack Shulman Rob Logan Martin Segal Acquire Industrial Property In Ardsley For $19M
SOLDIndustrial

Jack Shulman Rob Logan Martin Segal Acquire Industrial Property In Ardsley For $19M

425 Saw Mill River Road

$19,000,000

$319/SF

Building Size

59,500 SF

Asset Type

Industrial

Closing

Nov 22, 2024

AI

The asset involved in this transaction is an industrial property located at 425 Saw Mill River Road in the Ardsley market. The sale price of the property was $19,000,000, with a total square footage of 59,500, resulting in a price per square foot of $319.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $19,000,000
  • Address: 425 Saw Mill River Road
  • Market: Ardsley
  • Square Footage: 59,500
  • Price Per Square Foot: $319
  • Buyer: Jack Shulman, Rob Logan & Martin Segal
  • Seller: Fareri Associates
  • Brokers: Kevin Langtry & William Anson - RM Friedland

The buyers, Jack Shulman, Rob Logan, and Martin Segal, are part of B&D Holdings, which is actively seeking warehouse and IOS investments throughout the northeast and across the country. They encourage sending northeast investment opportunities to [email protected] and all other opportunities to [email protected].

Players

William Anson

RM Friedland

Broker

$47M

vol

3 deals

Broker

Ardsley Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.83%

Cash-on-Cash

-0.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93