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500 Fenimore Road

Drew Dewitt And David Archibald Of East Capital Partners Acquire Industrial Portfolio In Mamaroneck
SOLDIndustrial

Drew Dewitt And David Archibald Of East Capital Partners Acquire Industrial Portfolio In Mamaroneck

500 Fenimore Road, 520 Fenimore Road, 628 Waverly Avenue, 480 Ogden Avenue, 503 Ogden Avenue & 510 Ogden Avenue

Building Size

49,500 SF

Asset Type

Industrial

Closing

Feb 9, 2026

AI

The transaction involved a portfolio of industrial assets located at 500 Fenimore Road, 520 Fenimore Road, 628 Waverly Avenue, 480 Ogden Avenue, 503 Ogden Avenue, and 510 Ogden Avenue, collectively encompassing a total square footage of 153,430 in the Mamaroneck market.

Summary of transaction details:

This transaction highlights the partnership between the buyers, Drew Dewitt and David Archibald, who represent East Capital Partners, alongside the sellers, Stephen Matri and Herb Eilberg of Renatus Group, with the seller's representation by Jordan Avanzato, Christopher Todd, and William Ericksen from NAI James E. Hanson.

Players

Jordan Avanzato

NAI James E. Hanson

Broker

$2.5B

vol

52 deals

Broker

David Archibald

Buyer

$171.1M

vol

6 deals

Buyer
RG
Renatus GroupSeller

Mamaroneck 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93