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Murray Drive

Yisroel Cherns Secures $25.5 Million Refinance Loan For Industrial Property In Warren PA
FINANCEDIndustrial

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:

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

Brad Domenico

Cushman & Wakefield

Broker

$3.8B

vol

137 deals

Broker
Cushman & Wakefield
Cushman & WakefieldBrokerage

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