SOLD
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
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.
Players
London CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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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