Yisroel Cherns Secures $25.5 Million Refinance Loan For Industrial Property In Warren PA
Murray Drive
$25,500,000
$29/SF
Building Size
853,611 SF
Asset Type
Industrial
Closing
Aug 10, 2025
AI
The property asset involved in this transaction is an industrial space located at 100-200 Murray Drive in Warren, PA. The total square footage of the asset is 853,611 square feet. This transaction involves a refinance for a loan amount of $25,500,000.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $25,500,000
- Address: 100-200 Murray Drive
- Market: Warren, PA
- Landlord: Yisroel Cherns
- Landlord's Representative: Brad Domenico, Frank Stanislaski & Ethan Thompson - Cushman & Wakefield
- Loan Type: Refinance
The deal involves key individuals including Yisroel Cherns as the landlord and representatives from Cushman & Wakefield, namely Brad Domenico, Frank Stanislaski, and Ethan Thompson, who played a crucial role in facilitating the transaction.
Players
Irvine 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
0.62%
Cash-on-Cash
-0.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93