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Treetop Companies Acquires Four-Building Complex In Wall Township For $40.5M
SOLD
$40,500,000
+ 4
New Jersey
See Similar DealsIndustrial
Sold 06/15/2023
SOLD
Treetop Companies Acquires Four-Building Complex In Wall Township For $40.5M
1324 Wyckoff Rd Wall Township, NJ 07753, USA
See Similar DealsIndustrial
Sold 06/15/2023
+ 4
Summary
NEW JERSEY
Asset Type:Industrial
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,160,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$143,887.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$191,990.66
Annual Debt Service$2,303,887.95
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