Mark Cohen Acquires Industrial Property In Newark From Stacy & Steve Williams For $1.65M
115-121 East Kinney Street
$1,650,000
$45/SF
Building Size
36,000 SF
Asset Type
Industrial
Closing
Mar 14, 2026
AI
The asset involved in this transaction is an industrial property located at 115-121 East Kinney Street, Newark. The sale price for the property was $1,650,000, with a total area of approximately 36,000 square feet, resulting in a price per square foot of $45.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,650,000
- Buyer: Mark Cohen
- Seller: Stacy & Steve Williams
- Broker: Ryan Cerqueira - The Quinas Companies
Mark Cohen acted as the buyer in this transaction, while Stacy and Steve Williams served as the sellers of the property. The broker representing the transaction was Ryan Cerqueira from The Quinas Companies, facilitating the sale between the involved parties.
Newark 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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93