Xebec Acquires Industrial Property In Meadowlands, NJ For $7.75M
SOLD
$7,750,000
New Jersey
See Similar DealsIndustrial58,110 SF
Sold 09/10/2021
SOLD
Xebec Acquires Industrial Property In Meadowlands, NJ For $7.75M
1100 Valley Brook Avenue, Lyndhurst, NJ, USA
See Similar DealsIndustrial58,110 SF
Sold 09/10/2021
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$133
Total Square Footage:58,110 SF
Transaction Type:Sale
An industrial property located at 1100 Valley Brook Avenue in Meadowlands, NJ has been sold. The property spans approximately 4 acres and was sold for a total of $7,750,000. The transaction took place on September 10, 2021.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $7,750,000
- Address: 1100 Valley Brook Avenue, Meadowlands, NJ
- Market: Meadowlands, NJ
- Buyer: Xebec - Jay Soni & Justin Passaretti
- Seller: Not mentioned
- Brokers: Christopher Todd & Scott Perkins @NAI_Hanson
- Date: 09/10/2021
- Image: Jay Soni, Justin Passaretti, Scott Perkins & Christopher Todd
The buyer of this industrial property, Xebec represented by Jay Soni & Justin Passaretti, completed the purchase. The transaction was facilitated by Christopher Todd & Scott Perkins of NAI Hanson.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$413,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$27,534.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,738.95
Annual Debt Service$440,867.45
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