Bel Berlin LLC Acquires Industrial Property In Berlin, NJ For $43.95M
SOLD
$43,950,000
New Jersey
See Similar DealsIndustrial
Sold 04/14/2021
SOLD
Bel Berlin LLC Acquires Industrial Property In Berlin, NJ For $43.95M
A.C. Moore Drive, Berlin, NJ, USA
See Similar DealsIndustrial
Sold 04/14/2021
Summary
NEW JERSEY
Asset Type:Industrial
Transaction Type:Sale
The East Coast distribution facility of Michaels Stores in Berlin, NJ has been sold in a recent transaction. The industrial property, located at 130 Makers Avea/K/A AC Moore Drive, was purchased by BEL Berlin, LLC for a sale price of $43.95 million.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $43,950,000
Bel Berlin LLC acted as the buyer in this deal, while the sellers were Fem Berlin LLC, CPI Berlin II LLC, and CPI Berlin III LLC. The purchase of the property was insured by Town Title Agency @TownTitleagency.
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,344,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$156,145.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$208,345.42
Annual Debt Service$2,500,145.07
Is there something missing? Send suggestions