375 Executive Blvd., Elmsford, NY
December, 2017- James J. Houlihan of Houlihan Parnes Realtors, LLC is pleased to announce the placement of a $6.5 million new first mortgage on the property located at 375 Executive Boulevard, Elmsford, New York.
The subject property is located within prestigious Cross Westchester Executive Park which features 26 office and office/flex buildings that offer 1.3 million square feet of commercial office space for corporate offices, technology-related facilities, and light industrial, distribution, and service centers. The property consists of a single story warehouse attached to a two-story commercial office building with approximately 80,229 square feet situated on an approximate 3.53 acre parcel, built in 1970.
The loan was placed for a term of 5 years with a 5 year extension option. The property was purchased in 2016, and is now 100% leased to 5 tenants.
The owners were represented by Steven C. Hirsch of Hirsch & Gibaldi and the title was insured by The Great American Title Insurance Company.