Chopp Holdings Acquires Property At 1680 Nj-23 Wayne For $10.8 Million With CBRE's Representation
1680 Nj-23, Wayne, NJ, 07470
$10,800,000
$88/SF
Building Size
122,426 SF
Asset Type
—
Closing
Nov 19, 2023
AI
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
Wayne CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.47%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93