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10 Park Avenue

Rolando Cribeiro Acquires Industrial Property In West Orange For $6.7M
SOLDIndustrial

Rolando Cribeiro Acquires Industrial Property In West Orange For $6.7M

10 Park Avenue

$6,700,000

$159/SF

Building Size

42,000 SF

Asset Type

Industrial

Closing

Sep 26, 2023

AI

An industrial property located at 10 Park Avenue in West Orange, NJ has been sold for a total of $6,700,000. The property spans 42,000 square feet and was sold at a price per square foot of $160.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $6,700,000
  • Address: 10 Park Avenue, West Orange, NJ
  • Square Footage: 42,000
  • Price per Square Foot: $160

Rolando Cribeiro has acquired the property from Eric Mautner. The transaction was facilitated by the Cushman & Wakefield team, including brokers Jonathan Squires, Joshua Neustadter, Austin Weiner, Josh Kleinberg, Jordan Sobel, and Andrew Schwartz.

Players

Josh Neustadter

Cushman & Wakefield

Broker

$545.5M

vol

60 deals

Broker

West Orange 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

2.37%

Cash-on-Cash

-0.68%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93