Xebec Acquires Industrial Property In Meadowlands, NJ For $7.75M
1100 Valley Brook Avenue, Lyndhurst, NJ, USA
$7,750,000
$133/SF
Building Size
58,110 SF
Asset Type
Industrial
Closing
Sep 10, 2021
AI
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
Lyndhurst 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
2.05%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93