Chopp Holdings Acquires Property At 1680 Nj-23 Wayne For $10.8 Million With CBRE's Representation
SOLD
$10,800,000
New Jersey
See Similar Deals122,426 SF
SOLD
Chopp Holdings Acquires Property At 1680 Nj-23 Wayne For $10.8 Million With CBRE's Representation
1680 Nj-23, Wayne, NJ, 07470
See Similar Deals122,426 SF
Summary
NEW JERSEY
Price Per Square Foot:$88
Total Square Footage:122,426 SF
Transaction Type:Sale
The property involved in this transaction is located at 1680 Nj-23, Wayne, NJ, 07470. The market value of the property is Wayne, and it has a total square footage of 122,426. The transaction was finalized for a price of $10,800,000.00.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $10,800,000.00
- Address: 1680 Nj-23, Wayne, NJ, 07470
- Market: Wayne
- Square Footage: 122426
- Buyer: Chopp Holdings
- Seller's Representatives: Brian Godau - CBRE, Jeffrey Dunne - CBRE
The buyer of the property is Chopp Holdings, and the sale was represented by brokers Brian Godau and Jeffrey Dunne from CBRE, ensuring professional facilitation of the transaction process without any direct mention of the seller’s name.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$576,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$38,370.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$51,197.51
Annual Debt Service$614,370.12
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