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
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