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140 Ludlow Ave, Northvale, ...

Cushman & Wakefield Brokers Sell Industrial Properties In Northvale For $27M
SOLDIndustrial

Cushman & Wakefield Brokers Sell Industrial Properties In Northvale For $27M

140 Ludlow Ave, Northvale, NJ, USA

$27,000,000

$139/SF

Building Size

193,235 SF

Asset Type

Industrial

Closing

Jul 27, 2021

AI

The industrial property located at 140, 150, and 170 Ludlow Ave. in Northvale has been sold for a transaction amount of $27,000,000. Spanning across 193,235 square feet, the property was sold at a price of $140 per square foot.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $27,000,000
  • Address: 140, 150 & 170 Ludlow Ave.
  • Market: Northvale
  • Square Footage: 193,235
  • Price per Square Foot: $140

The sale of this industrial property was facilitated by brokers Gary Gabriel, Kyle Schmidt, Chuck Fern, Tom Tucci, and Eli Millstein from Cushman & Wakefield.

Players

Gary Gabriel

Cushman & Wakefield

Broker

$4.5B

vol

56 deals

Broker

Northvale 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

0.59%

Cash-on-Cash

-0.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93