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115-121 East Kinney Street

Mark Cohen Acquires Industrial Property In Newark From Stacy & Steve Williams For $1.65M
SOLDIndustrial

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.

Players

Ryan Cerqueira

The Quinas Companies

Broker

$36.4M

vol

13 deals

Broker

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