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12 Thornton Road

Mike Cohen & Keith Hontz Of Dalfen Industrial Acquire Industrial Asset In Oakland For $14.65M
SOLDIndustrial

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:

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

Jordan Avanzato

NAI James E. Hanson

Broker

$2.5B

vol

52 deals

Broker

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