The Devli Group Acquires Industrial Property In Fair Lawn, NJ For $1.05M
SOLD
$1,050,000
New Jersey
See Similar DealsIndustrial7,209 SF
Sold 06/24/2020
SOLD
The Devli Group Acquires Industrial Property In Fair Lawn, NJ For $1.05M
15-01 Pollitt Drive, Fair Lawn, NJ, USA
See Similar DealsIndustrial7,209 SF
Sold 06/24/2020
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$145
Total Square Footage:7,209 SF
Transaction Type:Sale
Located at 15-01 Polllitt Drive, Unit 5, the industrial property in Fair Lawn, NJ, was recently sold for $1,050,000. The transaction took place on June 24, 2021, and the property spans across 7,209 square feet, resulting in a price per square foot of $146.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $1,050,000
- Date: 06/24/2021
- Address: 15-01 Polllitt Drive, Unit 5
- Market: Fair Lawn, NJ
- Buyer: The Devli Group
- Seller: Sebastian K Sebastian
- Seller's Rep: Yanni Marmarou & Jack Drillock - -
- Square Footage: 7,209
- Price per Square Foot: $146
The buyer, The Devli Group, entered into the transaction with the seller, Sebastian K Sebastian. The seller was represented by Yanni Marmarou and Jack Drillock.
Players
BROKERAGE
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$55,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,730.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,977.54
Annual Debt Service$59,730.43
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