Updated Oct 28, 2024
SOLDIndustrial
Simi Capital Acquires Industrial Property In Long Island For $15 Million
80 East Jericho Turnpike, Mineola, NY, USA
$15,000,000
$57/SF
Building Size
261,360 SF
Asset Type
Industrial
Closing
Nov 10, 2021
About this deal
AI
An industrial property located at 80 Jericho Turnpike in Long Island has been sold for $15,000,000. The property spans a total square footage of 261,360, resulting in a price per square foot of $57.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $15,000,000
- Address: 80 Jericho Turnpike, Long Island
- Market: Long Island
- Buyer: Simi Capital - Andrew Skydell & Cerberus Capital Management
- Image: Andrew Skydell
- Date: 11/10/2021
- Square Footage: 261,360
- Price per Square Foot: $57
The buyer of the property is Simi Capital, represented by Andrew Skydell & Cerberus Capital Management.
Players
Mineola 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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93