Mattone Investors Refinances Retail Property On Corporate Dr In Westbury For $80.1M
1250 Corporate Drive
$80,100,000
$187,149/SF
Building Size
428 SF
Asset Type
Retail
Closing
Jun 1, 2023
About this deal
AI
A retail property located at 1250 Corporate Dr in Westbury has been involved in a recent closed transaction. The property spans across 428,483 square feet and was represented by brokers Charles Cotsalas & Robert Delitsky from Northmarq. The landlord for this property is Mattone Investors.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $80,100,000
- Loan Type: Refinancing
The refinancing of this retail property involved a loan amount of $80,100,000. The transaction was facilitated by the brokers Charles Cotsalas & Robert Delitsky from Northmarq. This transaction took place on January 6, 2023.
Players
Westbury 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
0.20%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93