Mike Cohen & Keith Hontz Of Dalfen Industrial Acquire Industrial Asset In Oakland For $14.65M
12 Thornton Road
$14,650,000
$158/SF
Building Size
92,400 SF
Asset Type
Industrial
Closing
Mar 19, 2024
AI
The industrial property located at 12 Thornton Road in Oakland, NJ, was sold for $14,650,000. The property spans 92,400 square feet, resulting in a price per square foot of $159.
Summary of transation details:
- Property Type: Industrial
- Transaction Amount: $14,650,000
- Buyer: Mike Cohen & Keith Hontz - Dalfen Industrial
- Seller's Rep: Marc Duval & Jordan Avanzato - JLL
The deal involved Mike Cohen and Keith Hontz from Dalfen Industrial as the buyers. On the other side, representing the seller, were Marc Duval and Jordan Avanzato from JLL.
Players
Oakland 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
1.08%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93