Tappan 108 Owner, LLC Acquires 54.8-Acre Chrysler Parts Depot In Tappan For $49.6M

The Chrysler Parts Depot in Tappan, a 54.8-acre retail property, was sold for $49.6 million. The property includes a Class B, 304,000-square-foot building constructed in 1972, situated at 108 Route 303. It also has 218 parking spaces.

Summary of transaction details

• Property Type: Retail
• Transaction Amount: $49,600,000
• Square Footage: 304,000
• Address: 108 Route 303, Tappan

The buyer of the property is Tappan 108 Owner, LLC, a Brooklyn-based Delaware company. The seller is FCA US LLC. The lender involved in the transaction is HIG Realty Credit Holdings & LLC, represented by Sami Mnaymneh & Tony Tamer. The loan amount provided by HIG Realty Credit Holdings, LLC is $43,680,000.

Note: The transaction was financed by $43,680,000 from HIG Realty Credit Holdings, LLC.