Updated Oct 28, 2024
Monster Inc. LLC Acquires Industrial Property In Clifton For $3M
1 Carol Street, Clifton, New Jersey 07014, United States
$3,000,000
$200/SF
Building Size
15,000 SF
Asset Type
Industrial
Closing
May 8, 2022
About this deal
AI
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.
The industrial sale at 1 Carol Street, Clifton, New Jersey 07014, United States in Clifton, New Jersey sold for $3M in 2022. The building is 15,000 square feet, implying about 200 per square foot on the published price. Vijay Solanki, Nancy Glick, Newmark appear on the sale alongside Newmark. This page is the Clifton, New Jersey file for the 1 Carol Street, Clifton, New Jersey 07014, United States industrial sold: pricing, party profiles, and other closed industrial comps from the same Clifton sit in the Market section below. Filter that Clifton industrial set by closing date to see what else sold near 1 Carol Street, Clifton, New Jersey 07014, United States around 2022. Published consideration for 1 Carol Street, Clifton, New Jersey 07014, United States is $3M, dated 2022. Cite this Monster Inc. LLC Acquires Industrial Property In Clifton For $3M sale when underwriting similar industrial product around Clifton, New Jersey.
Players
Clifton Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93