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120 Hoosick Street

Brian Anderson & Eddie Miro Of Progress Capital Arrange $13.5M Acquisition Loan In Troy
FINANCEDRetail

Brian Anderson & Eddie Miro Of Progress Capital Arrange $13.5M Acquisition Loan In Troy

120 Hoosick Street

$13,500,000

$104/SF

Building Size

129,059 SF

Asset Type

Retail

Closing

Mar 1, 2024

AI

The property located at 120 Hoosick Street in Troy is a retail asset covering 129,059 square feet. The recent transaction involved an acquisition loan amounting to $13,500,000 with a fixed 6.80% rate for 5 years.

Summary of transaction details:

The loan was facilitated by Brian Anderson and Eddie Miro from Progress Capital, showcasing their expertise in handling financing for property acquisitions.

Players

Brian Anderson

Cushman & Wakefield

Broker

$378.3M

vol

40 deals

Broker

Troy Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.18%

Cash-on-Cash

-0.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93