Brookshire Financial Group Secures $3.24M Acquisition Loan At 70 Hatfield Lane
70 Hatfield Lane
$3,243,500
$66/SF
Building Size
49,000 SF
Asset Type
Office
Closing
Apr 1, 2024
About this deal
AI
The office property located at 70 Hatfield Lane in Goshen, spanning 49,000 square feet, was recently involved in a transaction. The loan amount secured for this acquisition was $3,243,500 and the financing was provided by Key Bank. The brokers facilitating this deal were David Weinstein & Sara Stern from Brookshire Financial Group.
Summary of transation details:
- Property Type: Office
- Transaction Amount: $3,243,500
- Address: 70 Hatfield Lane
- Market: Goshen
- Asset Type: Office
- Square Footage: 49,000
- Lender: Key Bank
- Brokers: David Weinstein & Sara Stern - Brookshire Financial Group
The brokers, David Weinstein & Sara Stern, who represented the parties in this transaction, can be contacted at [email protected] for any further financing needs.
Players
Goshen Office Market Snapshot
Boundary boundary · Office · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.89%
Cash-on-Cash
-1.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93