Monster Inc. LLC Acquires Industrial Property In Clifton For $3M
SOLD
$3,000,000
New Jersey
See Similar DealsIndustrial15,000 SF
Sold 05/09/2022
SOLD
Monster Inc. LLC Acquires Industrial Property In Clifton For $3M
1 Carol Street, Clifton, New Jersey 07014, United States
See Similar DealsIndustrial15,000 SF
Sold 05/09/2022
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$200
Total Square Footage:15,000 SF
Transaction Type:Sale
A 1.6 acre industrial property located at 1 Carol St. in Clifton has been sold for $3,000,000. The property spans across 15,000 square feet, resulting in a price per square foot of $200.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,000,000
- Address: 1 Carol St., Clifton
- Market: Clifton
- Size: 1.6 acres
Nancy Glick and Vijay Solanki from Newmark Associates CRE LLC represented both the buyer, Monster Inc. LLC, and the seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$160,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37
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