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15-01 Pollitt Drive, Fair L...

The Devli Group Acquires Industrial Property In Fair Lawn, NJ For $1.05M
SOLDIndustrial

The Devli Group Acquires Industrial Property In Fair Lawn, NJ For $1.05M

15-01 Pollitt Drive, Fair Lawn, NJ, USA

$1,050,000

$145/SF

Building Size

7,209 SF

Asset Type

Industrial

Closing

Jun 24, 2020

AI

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

Yanni Marmarou

Investment Property Realty Group (IPRG)

Broker

$160.1M

vol

39 deals

Broker
B6 Real Estate Advisors
B6 Real Estate AdvisorsBrokerage

Fair Lawn 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

15.11%

Cash-on-Cash

-4.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93