facebook

traded

+ Submit
Home

/

Deals

/

New Jersey

/

Industrial

/

Sale

/

11 Empire Boulevard

Oliver St. Capital & Bain Capital Acquire Industrial Property In Carlstadt For $208M
SOLDIndustrial

Oliver St. Capital & Bain Capital Acquire Industrial Property In Carlstadt For $208M

11 Empire Boulevard

$208,000,000

$265/SF

Building Size

784,000 SF

Asset Type

Industrial

Closing

May 1, 2025

AI

An industrial property located at 11 Empire Boulevard in Carlstadt, NJ, has been sold for a transaction amount of $208,000,000. The asset spans 784,000 square feet, equating to a price per square foot of $265.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $208,000,000
  • Address: 11 Empire Boulevard
  • Market: Carlstadt, NJ
  • Square Footage: 784,000
  • Price Per Square Foot: $265
  • Buyer: Oliver St. Capital & Bain Capital
  • Broker: Burry Klein - Branch Industrial

The transaction involved key players such as Mitch Arthur, Jon Hyde, Jon O'Donnell, and Justin Pierce, who were part of the negotiation and facilitation process, representing the interests of the respective parties involved in the sale.

Players

Bain Capital
Bain CapitalBuyer
Blackstone
BlackstoneSeller

Carlstadt 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

0.08%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93