Sell-mar Enterprise Inc. Leases Industrial Space At 2 South St. In Mt Vernon
2 South St.
Building Size
—
Asset Type
—
Closing
Sep 15, 2022
About this deal
AI
A 16,000 square foot industrial property located at 2 South St. in Mt Vernon has been leased. The property was leased by Sell-mar Enterprise Inc. The landlord in this transaction is Joseph DeBenedictis.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Lease
- Asking Rent: $16/ft.
The tenant's representatives in this deal were Anthony Volman and Alan Vargas from Highcap Group. The landlord was represented by Goad Real Estate Co.
Traded’s record for 2 South St. in London, Ontario covers a commercial sale from 2022. Anthony Volman, Highcap Group appear on the sale alongside Highcap Group. This page is the London, Ontario file for the 2 South St. commercial sold: pricing, party profiles, and other closed commercial comps from the same London sit in the Market section below. Filter that London commercial set by closing date to see what else sold near 2 South St. around 2022. Cite this Sell-mar Enterprise Inc. Leases Industrial Space At 2 South St. In Mt Vernon sale when underwriting similar commercial product around London, Ontario.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93