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77 Rodeo Drive

Uncle Giuseppe's Marketplace Acquires Industrial Asset At 77 Rodeo Drive For $13.45M
SOLDIndustrial

Uncle Giuseppe's Marketplace Acquires Industrial Asset At 77 Rodeo Drive For $13.45M

77 Rodeo Drive

$13,455,000

$251/SF

Building Size

53,600 SF

Asset Type

Industrial

Closing

May 7, 2025

AI

The property asset involved in the transaction is an industrial facility located at 77 Rodeo Drive in Edgewood. The asset has a total square footage of 53,600 and achieved a sale price of $13,455,000, resulting in a price per square foot of $251.

Summary of transaction details:

The transaction highlights the involvement of Gary J Chimeri from Paramount Properties Group, representing the buyer, Uncle Giuseppe's Marketplace. On the selling side, the representatives from Cushman & Wakefield include Frank Frizalone, Nicholas Gallipoli, Thomas DeLuca, and John Giannuzzi, who managed the sale for the seller.

Players

Gary J Chimeri

Paramount Properties Group

Broker

$140.2M

vol

12 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage

Edgewood 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

1.18%

Cash-on-Cash

-0.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93