Updated Sep 5, 2024
Newmark Brokers Sell Commercial Property In Clark, NJ For $15.8M
175 Terminal Ave, Clark, NJ, 07066
$15,800,000
$146/SF
Building Size
108,000 SF
Asset Type
Commercial
Closing
Nov 22, 2023
About this deal
AI
The 108,000-square-foot flex facility located at 175-195 Terminal Ave in Clark, NJ, was sold for $15.8 million. Situated on a seven-acre property, the single-story R&D space serves as the headquarters for L’Oréal’s North American R&D division and was recently renovated.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $15,800,000.00
- Market: Clark
- Seller's Representative: Steven Schultz (Newmark), Tony Georgiev (Newmark)
- Buyer: Undisclosed
Steven M. Schultz and Tony D. Georgiev of Newmark represented the seller, Denholtz Associates, in the sale of this commercial property. The buyer's identity remains undisclosed in the transaction.
On the Map
$15,800,000
$146/SF
Commercial
View full map
Players
Clark Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
Loading comparables…
Deal FAQ
Visit Steven Schultz to view all their deals.
Browse New Jersey commercial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.00%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93