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90 Halstead Boulevard, Zeli...

Updated Oct 28, 2024

Benchmark Capital Provides $11M Acquisition Loan For Industrial Property In Zelienople, PA
FINANCEDIndustrial

Benchmark Capital Provides $11M Acquisition Loan For Industrial Property In Zelienople, PA

90 Halstead Boulevard, Zelienople, Pennsylvania 16063, United States

$11,000,000

Building Size

Asset Type

Industrial

Closing

May 19, 2022

About this deal

AI

An industrial property located at 90 Halstead Boulevard in Zelienople, PA has been involved in a closed transaction. The property is owned by The AM Group represented by Scott Wolkowitz and Tom Sabol. The deal was facilitated by Ben Jacobs from Meridian Capital Group. The property is classified as Industrial and is situated in the Zelienople market.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $11,000,000
  • Address: 90 Halstead Boulevard, Zelienople, PA
  • Market: Zelienople, PA
  • Lender: Benchmark Capital
  • Landlord: The AM Group - Scott Wolkowitz & Tom Sabol
  • Broker: Ben Jacobs - Meridian Capital Group

This transaction involved an acquisition loan worth $11,000,000 provided by Benchmark Capital. Ben Jacobs from Meridian Capital Group served as the broker for the deal. The AM Group, represented by Scott Wolkowitz and Tom Sabol, acted as the landlord for the industrial property located at 90 Halstead Boulevard in Zelienople, PA.

NOTE: Meridian Capital Group, the most active real estate finance and advisory firm in America, has closed over $55 billion in financing in 2022. They have a vast portfolio representing leading real estate investors and developers. For further information on how Meridian can assist with portfolio management, please contact Ben Jacobs at 212-612-0202 or [email protected].

Players

Benchmark Capital
Benchmark CapitalLender

Zelienople Industrial Market Snapshot

Boundary boundary · Industrial · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.44%

Cash-on-Cash

-0.41%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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