Updated Dec 4, 2024
Arthur Egbuchulam Acquires Life Sciences Property In Flushing For $800,000
$800,000
$1,142/SF
Building Size
700 SF
Asset Type
Life Sciences
Closing
Sep 1, 2023
About this deal
AI
Arthur Egbuchulam recently purchased a life sciences property located in Flushing for $800,000. The property spans 700 square feet, resulting in a price per square foot of $1,143. The transaction was completed with B5S Compounding Pharmacy as the seller.
Summary of transaction details
- Property Type: Life Sciences
- Transaction Amount: $800,000
- Square Footage: 700
- Price per Square Foot: $1,143
- Market: Flushing
This successful acquisition by Arthur Egbuchulam highlights his interest in the life sciences sector. The deal demonstrates his commitment to expanding his portfolio and investing in the Flushing market. The purchase of this property further solidifies Egbuchulam's position as a prominent player in the life sciences industry.
Players
Market Life Sciences Market Snapshot
Boundary boundary · Life Sciences · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
19.83%
Cash-on-Cash
-5.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93