LTJV LLC Sells Industrial Property In Sparta For $2.1M With John Schilp - NAI James E. Hanson
SOLD
$2,100,000
New Jersey
See Similar DealsIndustrial14,018 SF
Sold 07/25/2022
SOLD
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
See Similar DealsIndustrial14,018 SF
Sold 07/25/2022
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$149
Total Square Footage:14,018 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$112,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86
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