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
West Orange Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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