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Xebec Acquires Industrial Property In Meadowlands, NJ For $7.75M

Property Image
SOLD
$7,750,000
Jay Soni

New Jersey

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Industrial58,110 SF
Sold 09/10/2021
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Property Image
SOLD

Xebec Acquires Industrial Property In Meadowlands, NJ For $7.75M

1100 Valley Brook Avenue, Lyndhurst, NJ, USA

See Similar Deals
Industrial58,110 SF
Sold 09/10/2021
Jay Soni
Contact now

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.

Players

Scott Perkins
7 deals$256.4M volume
BROKER

Jay Soni
6 deals$176.4M volume
BUYER

Details

SOLD
IMAGE: Jay Soni, Justin Passaretti, Scott Perkins & Christopher Todd DATE: 09/10/2021 ADDRESS: 1100 Valley Brook Avenue MARKET: Meadowlands, NJ ASSET TYPE: Industrial ~ ACRES: 4 BUYER: Xebec - Jay Soni & Justin Passaretti BROKERS: Christopher Todd & Scott Perkins @NAI_Hanson SALE PRICE: $7,750,000

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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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