Center Point Acquires Industrial Property In Carlstadt, NJ For $30M
SOLD
$30,000,000
+ 2
New Jersey
See Similar DealsIndustrial63,933 SF
Sold
SOLD
Center Point Acquires Industrial Property In Carlstadt, NJ For $30M
130 Moonachie Avenue
See Similar DealsIndustrial63,933 SF
Sold
+ 2
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$469
Total Square Footage:63933 SF
Transaction Type:Sale
An industrial property located at 130 Moonachie Avenue in Carlstadt, NJ has been sold for a price of $30,000,000. The property has a total square footage of 63,933, resulting in a price per square foot of $469. The sale took place on December 3, 2020.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $30,000,000
- Address: 130 Moonachie Avenue, Carlstadt, NJ
- Market: Carlstadt, NJ
- Buyer: Center Point - Evan Lippow
- Seller: Ultra Logistics
- Brokers: Abie Kassin, David Benharouch, David Schechtman, Evan Lippow, Lipa Lieberman - Meridian Capital Group
The buyer of the property is Center Point, represented by Evan Lippow. The seller is Ultra Logistics. The transaction was facilitated by brokers Abie Kassin, David Benharouch, David Schechtman, Evan Lippow, and Lipa Lieberman from Meridian Capital Group.
Players
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
Contact
Get in touch with the broker you want
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)
$1,600,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$106,583.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$142,215.31
Annual Debt Service$1,706,583.66
Is there something missing? Send suggestions