Realterm Logistics Acquires Warehouse In Elmsford, Westchester For $70.25M
2 Warehouse Lane, Elmsford, Westchester County, NY, USA
$70,250,000
$182/SF
Building Size
386,000 SF
Asset Type
Other
Closing
Feb 28, 2019
About this deal
AI
A warehouse located at 2 Warehouse Lane in Elmsford, Westchester recently changed hands in a closed property transaction. The property, with a total square footage of 386,000, was sold for a price of $70,250,000. This puts the price per square foot at $182. The transaction took place on 03/01/2019.
Summary of transation details:
- Property Type: Warehouse
- Transaction Amount: $70,250,000
- Address: 2 Warehouse Lane, Elmsford, Westchester
- Market: Elmsford, Westchester
- Seller: Mack-Cali Realty
- Buyer: Realterm Logistics
- Brokers: Jose Cruz, Jordan Avanzato, & Marc Duval - HFF
- Square Footage: 386,000
- Price per Square Foot: $182
The sale of this warehouse was facilitated by the brokers Jose Cruz, Jordan Avanzato, and Marc Duval from HFF. They represented both the seller, Mack-Cali Realty, and the buyer, Realterm Logistics, in the transaction.
Players
Elmsford Other Market Snapshot
Boundary boundary · Other · Sale transactions
Loading comparables…
Deal FAQ
Visit Marc Duval to view all their deals.
Browse New York other sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.23%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93