Updated Dec 4, 2024
CenterPoint Properties Trust Acquires Dayton Industrial Property For $59.2M
10 Corn Road, Dayton, NJ, USA
$59,200,000
$197/SF
Building Size
300,000 SF
Asset Type
Industrial
Closing
Jul 15, 2021
About this deal
AI
The industrial property located at 10 Corn Road in Dayton, NJ has been sold in a closed transaction. The property spans approximately 300,000 square feet and is categorized as an industrial asset. The sale was finalized on July 16, 2021.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $59,200,000
- Address: 10 Corn Road, Dayton, NJ
- Market: Dayton, NJ
The buyer of the property is CenterPoint Properties Trust, while the seller is Sprit Realty Capital. The sale was facilitated by brokers Marc Duval, Jordan Avanzato, and Josh Stein from JLL.
Notable details include the asking price and sale price being identical at $59,200,000. The price per square foot (PPSF) is $200, reflecting the value of the property in the market.
On the Map
$59,200,000
$197/SF
Industrial
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Players
Dayton 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
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93