LEASEDIndustrial
EverWest Real Estate Investors Acquires New Jersey Industrial Portfolio For $37.1M
Building Size
—
Asset Type
Industrial
Closing
Jul 4, 2022
AI
EverWest Real Estate Investors has acquired the New Jersey Industrial Portfolio in New Jersey. The industrial property spans across 117,000 square feet. The sale price of the transaction was $37,100,000, resulting in a price per square foot of $317.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $37,100,000
- Square Footage: 117,000
- Address: New Jersey Industrial Portfolio
- Market: New Jersey
John Maurer represented EverWest Real Estate Investors in the transaction.
Players
Market Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93