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500 White Plains Road

DigiChem Corporation Signs 5-Year Lease For Lab Space With Northpath Investments In Tarrytown
LEASEDLife Sciences

DigiChem Corporation Signs 5-Year Lease For Lab Space With Northpath Investments In Tarrytown

500 White Plains Road

Building Size

155,987 SF

Asset Type

Life Sciences

Closing

May 12, 2025

AI

The property asset involved in this transaction is a life sciences facility located at 500 White Plains Road in Tarrytown, NY, comprising a total of 155,987 square feet. The lease agreement involves a specific space of 3,035 square feet designated for lab use.

Summary of transaction details:

The transaction features key individuals such as Geoffrey Adler, who represents the landlord Northpath Investments, and Greg Ellson, who is the tenant from DigiChem Corporation. The deal's negotiations involved representatives Ian Ceppos and John Cahill from JLL for the landlord, while the tenant was represented by Michael Litsky from Rakow Commercial Realty Group.

Players

John Cahill

JLL

Broker

5 deals

Broker
Northpath Investments
Northpath InvestmentsLandlord

Tarrytown Life Sciences Market Snapshot

Boundary boundary · Life Sciences · Lease 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