Updated Feb 20, 2026
Acquires Industrial Property In Lakewood For $7.15M With Broker Dave Lunczer
1885 Swarthmore Avenue
$7,150,000
$216/SF
Building Size
33,000 SF
Asset Type
Industrial
Closing
Dec 31, 2025
About this deal
AI
The industrial property located at Avenue in Lakewood features a substantial space of 33,000 square feet. The property was sold for a price of $7,150,000, which translates to a price per square foot of $216.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $7,150,000
- Address: Avenue
- Market: Lakewood
- Buyer:
- Seller:
- Broker: Dave Lunczer - Keller Williams Realty
- Square Footage: 33,000
- Price Per Square Foot: $216
The transaction was facilitated by broker Dave Lunczer, representing Keller Williams Realty. The buyer has expressed interest in acquiring similar properties and is open to inquiries regarding space for lease.
Lakewood 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
2.22%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93