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:
- Property Type: Industrial
- Transaction Amount: $13,455,000
- Address: 77 Rodeo Drive
- Market: Edgewood
- Square Footage: 53,600
- Price per Square Foot: $251
- Buyer: Uncle Giuseppe's Marketplace
- Buyer's Representative: Gary J Chimeri - Paramount Properties Group
- Seller's Representatives: Frank Frizalone, Nicholas Gallipoli, Thomas DeLuca & John Giannuzzi - Cushman & Wakefield
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
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