Updated Dec 4, 2024
Devash Farms Sells Industrial Property In Totowa, NJ For $13.68M With Brokers Christopher Todd, Scott Perkins & Will Ericksen
111 Maltese Drive
$13,680,000
$443/SF
Building Size
30,880 SF
Asset Type
Industrial
Closing
Jan 18, 2024
About this deal
AI
The industrial property located at 111 Maltese Drive in Totowa, NJ has been sold for $13,680,000. The property spans across 30,880 square feet, resulting in a price per square foot of $443. The sale was facilitated by Christopher Todd, Scott Perkins, and Will Ericksen from NAI James E. Hanson on behalf of the seller, Devash Farms.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $13,680,000
- Address: 111 Maltese Drive, Totowa, NJ
- Market: Totowa, NJ
- Square Footage: 30,880
- Price per Square Foot: $443
The sale of this industrial property marks an important transaction in Totowa, NJ. Christopher Todd, Scott Perkins, and Will Ericksen, acting as brokers from NAI James E. Hanson, played a crucial role in facilitating the deal. Their expertise and negotiation skills contributed to the successful completion of the transaction.
On the Map
$13,680,000
$443/SF
Industrial
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Players
Totowa 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
1.16%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93