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
About this deal
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
The retail sale at 664 Loudon Road in Latham, New York sold for $26.9M in 2025. The building is 120,049 square feet, implying about 224 per square foot on the published price. James "Jim" Koury, Marcus & Millichap appear on the sale alongside Marcus & Millichap. This page is the Latham, New York file for the 664 Loudon Road retail sold: pricing, party profiles, and other closed retail comps from the same Latham sit in the Market section below. Filter that Latham retail set by closing date to see what else sold near 664 Loudon Road around 2025. Published consideration for 664 Loudon Road is $26.9M, dated 2025. Cite this PCP Binghamton Associates LLC Purchases Grocery-Anchored Shopping Center In Latham For $26.9M sale when underwriting similar retail product around Latham, New York.
Latham Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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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