Updated Oct 29, 2024
Arc Global Holdings Sells Industrial Property In Mahwah, NJ For $6.7M With Isaac R. Setton & Bunny Escava - KSR
500 Corporate Drive
$6,700,000
$174/SF
Building Size
38,500 SF
Asset Type
Industrial
Closing
Sep 12, 2022
About this deal
AI
The industrial property located at 500 Corporate Drive in Mahwah, NJ has been sold for $6,700,000. Spanning across 38,500 square feet, the property was acquired by an undisclosed buyer. The transaction price equates to a price per square foot of $174.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $6,700,000
- Market: Mahwah, NJ
- Square Footage: 38,500
The seller, Arc Global Holdings, represented by Chris Petro, successfully completed the sale of the property. Isaac R. Setton and Bunny Escava from KSR acted as the brokers for this transaction.
Players
Escondido Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.37%
Cash-on-Cash
-0.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93