Updated Oct 13, 2026
Jack Ford And Brian Underkofler Of Lightstone Acquire Industrial Asset From Maguire Hayden For $32.1M
1800 Ogletown Road
$32,100,000
$123/SF
Building Size
261,000 SF
Asset Type
Industrial
Closing
Jul 15, 2026
About this deal
AI
The property asset involved in this transaction is located at 1800 Ogletown Road in Newark, characterized as an industrial asset. The total sale price for the property was $32,100,000, and it encompasses a total square footage of 261,000. The price per square foot is noted at $122.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $32,100,000
- Buyer: Jack Ford & Brian Underkofler
- Buyer Company: Lightstone
- Seller: Maguire Hayden Real Estate Company
- Broker: Ryan Guittare
- Broker Agency: Newmark
The deal involved Jack Ford and Brian Underkofler representing Lightstone as the buyers of the industrial property. The sellers were represented by Maguire Hayden Real Estate Company, with Ryan Guittare from Newmark acting as the broker facilitating the transaction.
On the Map
$32,100,000
$123/SF
Industrial
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Players
Newark 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
0.49%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93