Treetop Companies Acquires Four-Building Complex In Wall Township For $40.5M
1324 Wyckoff Rd Wall Township, NJ 07753, USA
$40,500,000
Building Size
—
Asset Type
Industrial
Closing
Jun 15, 2023
AI
Treetop Companies, represented by Azi Mandel, has acquired a four-building complex in Wall Township, NJ for $40.5 million. The complex, located within the Monmouth Business Campus, consists of flex buildings with warehouse space, offering potential value-add opportunities in the strong industrial market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $40,500,000
- Address: 1324 Wyckoff Road, 1433 State Route 34, 1340 Campus Parkway & 1345 Campus Parkway
- Market: Wall Township
The deal was facilitated by Charles Berger, Elli Klapper, Mark Silverman, and Jeremy Wernick from CBRE. Jason Gaccione and Shawn Rosenthal, also from CBRE, served as the mortgage brokers for the transaction.
Players
New Jersey Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93