LTJV LLC Sells Industrial Property In Sparta For $2.1M With John Schilp - NAI James E. Hanson
12 Aaron Way, Sparta, New Jersey 07871, United States
$2,100,000
$149/SF
Building Size
14,018 SF
Asset Type
Industrial
Closing
Jul 24, 2022
AI
The industrial property located at 12 Aaron Way in Sparta has been sold for $2,100,000. The property spans across 1.99 acres and features a total of 14,018 square feet. The sale price per square foot is $150. The transaction took place on 07/25/2022. The seller of the property was LTJV LLC.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $2,100,000
- Address: 12 Aaron Way, Sparta
- Market: Sparta
- Total Acreage: 1.99 acres
- Square Feet: 14,018
The deal was facilitated by broker John Schilp from NAI James E. Hanson.
Players
Sparta Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93