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Brookfield Asset Management Acquires Industrial Property In Kearny, NJ For $67.3M

Property Image
SOLD
$67,250,000
Bunny Escava
Isaac R. Setton

New Jersey

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Industrial56 SF
Sold 11/30/2022
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Property Image
SOLD

Brookfield Asset Management Acquires Industrial Property In Kearny, NJ For $67.3M

1100 Newark Tpke, Kearny, NJ 07032

See Similar Deals
Industrial56 SF
Sold 11/30/2022
Bunny Escava
Isaac R. Setton
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$1,200,892
Total Square Footage:56 SF
Transaction Type:Sale

A 56,700 square feet industrial property located at 1100 Newark Tpke in Kearny, NJ has been sold for $67,250,000. The property was acquired by Brookfield Asset Management from CSX. The transaction was facilitated by Isaac Setton and Bunny Escava from Kassin Sabbagh Realty acting as the brokers.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $67,250,000
  • Address: 1100 Newark Tpke, Kearny, NJ
  • Market: Kearny, NJ
  • Buyer: Brookfield Asset Management
  • Seller: CSX
  • Brokers: Isaac Setton & Bunny Escava - Kassin Sabbagh Realty

The deal involved the purchase of an industrial property in Kearny, NJ. Brookfield Asset Management, a prominent buyer in the real estate market, acquired the property from CSX. The transaction was facilitated by Isaac Setton and Bunny Escava, both representing Kassin Sabbagh Realty.

Players

Bunny Escava
Kassin Sabbagh Realty
Bunny Escava
44 deals$1.2B volume(917) 886-7545
BROKER
Isaac R. Setton
Kassin Sabbagh Realty
Isaac R. Setton
30 deals$686.6M volume
BROKER
Brookfield Properties
Brookfield Properties
BROKERAGE
C
CSX
SELLER

Details

SOLD
IMAGE: Isaac Setton & Bunny Escava DATE: 11/30/2022 ADDRESS: 1100 Newark Tpke MARKET: Kearny, NJ ASSET TYPE: Industrial BUYER: Brookfield Asset Management (@RentBrookfieldProperties) SELLER: CSX (@OfficialCSX) BROKERS: Isaac Setton (@IsaacrSetton) & Bunny Escava (@Bunnnyyy) - Kassin Sabbagh Realty (@Kassin_Sabbagh_Realty) SALE PRICE: $67,250,000 SF: 56,700 ~ PPSF: $1,186

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Deal Type
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$238,925.04
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