The Renatus Group & Declaration Partners Secures $47.8 Million Construction Loan For Industrial Asset In Quogue
FINANCED
$47,800,000
New York
See Similar DealsSelf Storage218,000 SF
Financed 09/10/2025
FINANCED
The Renatus Group & Declaration Partners Secures $47.8 Million Construction Loan For Industrial Asset In Quogue
8 Midhampton Avenue
See Similar DealsSelf Storage218,000 SF
Financed 09/10/2025
Summary
NEW YORK
Asset Type:Self Storage
Price Per Square Foot:$219
Total Square Footage:218,000 SF
Transaction Type:Loan
The asset involved in this transaction is an industrial and self-storage property located at 8 Midhampton Avenue in Quogue. The property encompasses a total square footage of 218,000 and secured a construction loan amounting to $47,800,000.
Summary of transaction details:
- Property Type: Industrial + Self Storage
- Transaction Amount: $47,800,000
- Address: 8 Midhampton Avenue
- Market: Quogue
- Loan Type: Construction
- Landlord: The Renatus Group & Declaration Partners
- Brokers: Scott Aiese & Alex Staikos - JLL
The individuals involved in this deal include Scott Aiese and Alex Staikos, who represented the landlords, The Renatus Group and Declaration Partners, in securing the construction loan for the property.
Players
LENDER
LANDLORD
Details
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Deal Type
30 years
10 years
Debt Service Coverage Ratio (DSCR)
1.05x
Max Loan Amount
$47,800,000.00
Monthly NOI$318,666.67
Monthly Debt Service$302,128.52
Change in Cash Flow$0.00
Refinance Proceeds$0.00
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