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111 Maltese Drive

Devash Farms Sells Industrial Property In Totowa, NJ For $13.68M With Brokers Christopher Todd, Scott Perkins & Will Ericksen
SOLDIndustrial

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

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.

Players

Scott Perkins

NAI James E. Hanson

Broker

$256.4M

vol

7 deals

Broker

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