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PCP Binghamton Associates LLC Purchases Grocery-Anchored Shopping Center In Latham For $26.9M
SOLD
$26,900,000
New York
See Similar DealsRetail120,049 SF
Sold 02/13/2025
SOLD
PCP Binghamton Associates LLC Purchases Grocery-Anchored Shopping Center In Latham For $26.9M
664 Loudon Road
See Similar DealsRetail120,049 SF
Sold 02/13/2025
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$224
Total Square Footage:120,049 SF
Transaction Type:Sale
A grocery-anchored shopping center located at 664 Loudon Road in Latham, NY has been sold for $26,900,000. The asset encompasses 120,049 square feet, with a price per square foot of $224.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $26,900,000
- Buyer: PCP Binghamton Associates LLC
- Seller: Shaker Louden Associates
- Broker: James Koury - Marcus & Millichap
- Market: Latham
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,434,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$95,570.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$127,519.72
Annual Debt Service$1,530,236.68
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