Rolando Cribeiro Acquires Industrial Property In West Orange For $6.7M
SOLD
$6,700,000
+ 3
New Jersey
See Similar DealsIndustrial42,000 SF
Sold 09/26/2023
SOLD
Rolando Cribeiro Acquires Industrial Property In West Orange For $6.7M
10 Park Avenue
See Similar DealsIndustrial42,000 SF
Sold 09/26/2023
+ 3
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$159
Total Square Footage:42,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$357,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,803.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,761.42
Annual Debt Service$381,137.02
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