Devash Farms Sells Industrial Property In Totowa, NJ For $13.68M With Brokers Christopher Todd, Scott Perkins & Will Ericksen
SOLD
$13,680,000
New Jersey
See Similar DealsIndustrial30,880 SF
Sold 01/18/2024
SOLD
Devash Farms Sells Industrial Property In Totowa, NJ For $13.68M With Brokers Christopher Todd, Scott Perkins & Will Ericksen
111 Maltese Drive
See Similar DealsIndustrial30,880 SF
Sold 01/18/2024
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$443
Total Square Footage:30,880 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$729,600.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$48,602.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$64,850.18
Annual Debt Service$778,202.15
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