JFR Global Acquires Industrial Property In Parsippany For $85.25M
SOLD
$85,250,000
+ 1
New Jersey
See Similar DealsIndustrial558,930 SF
Sold 01/01/2021
SOLD
JFR Global Acquires Industrial Property In Parsippany For $85.25M
100 Jefferson Road, Parsippany, Parsippany-Troy Hills, NJ, USA
See Similar DealsIndustrial558,930 SF
Sold 01/01/2021
+ 1
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$152
Total Square Footage:558,930 SF
Transaction Type:Sale
100 Jefferson Road, located in Parsippany, was recently sold in a transaction valued at $85,250,000. This industrial property spans a total of 558,930 square feet and has a price per square foot of $153. The sale was finalized on January 1, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $85,250,000
- Square Footage: 558,930
- Price per Square Foot: $153
- Address: 100 Jefferson Road, Parsippany
- Market: Parsippany
The buyer of this property was JFR Global, while TurnBridge Equities represented the seller, with Andrew Joblon acting as their representative. The deal was facilitated by brokers Jordan Avanzato, Jose Cruz, and Marc Duval from JLL.
Players
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$4,546,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$302,875.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$404,128.49
Annual Debt Service$4,849,541.91
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