Updated May 12, 2025
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
About this deal
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.
On the Map
$208,000,000
$265/SF
Industrial
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Players
Carlstadt 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
0.08%
Cash-on-Cash
-0.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93