3,650 REIT disburses $ 59 million industrial property loan in Yaphanka, New York

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50-Horseblock-Road-Yaphank-New-York

The total industrial property area located at 50 Horseblock Road in Yaphanka, NY is 491,200 square feet.

JAFANK, NY – 3650 REIT funded a $ 59 million acquisition loan for 50 Horseblock, a 491,200 square foot industrial property in the Long Island area of ​​Yaphanka. Built in 1986, it was fully leased to New Jersey-based drug manufacturer Amneal Pharmaceuticals at the time of sale. Features of the building include a net height of 28 feet and 12 loading docks. Adam Licari and Jeff Shriver of Eastdil Secured arranged a 10-year loan on behalf of a borrower, private equity firm New Mountain Capital.

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