SOLDRetail
PCP Binghamton Associates LLC Purchases Grocery-Anchored Shopping Center In Latham For $26.9M
664 Loudon Road
$26,900,000
$224/SF
Building Size
120,049 SF
Asset Type
Retail
Closing
Feb 13, 2025
AI
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
Latham Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93