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1324 Wyckoff Rd Wall Townsh...

Treetop Companies Acquires Four-Building Complex In Wall Township For $40.5M
SOLDIndustrial

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

Charles Berger

CBRE

Broker

$217.7M

vol

20 deals

Broker

New Jersey 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

0.39%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93