Updated Oct 29, 2024
Humble 3PL Acquires Industrial Property In Lakewood For $11M
1890 Swarthmore Avenue, Lakewood, NJ, USA
$11,000,000
$146/SF
Building Size
75,000 SF
Asset Type
Industrial
Closing
Sep 24, 2020
About this deal
AI
An industrial property located at 1890 Swarthmore Avenue in Lakewood has been sold for $11,000,000. The property spans 75,000 square feet, resulting in a price per square foot of $147. The transaction took place on September 25, 2020, with the buyer being Humble 3PL and the seller being Component Hardware. The deal was facilitated by brokers Jordan Avanzato, Jose Cruz, and Marc Duval.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Amount: $11,000,000
- Square Footage: 75,000
- Price Per Square Foot: $147
- Address: 1890 Swarthmore Avenue, Lakewood
- Market: Lakewood
- Buyer: Humble 3PL
- Seller: Component Hardware
- Brokers: Jordan Avanzato, Jose Cruz, and Marc Duval
- Date: September 25, 2020
The transaction involved the sale of an industrial property situated at 1890 Swarthmore Avenue in Lakewood. The property was purchased by Humble 3PL from Component Hardware for a total of $11,000,000. Spanning an area of 75,000 square feet, the property commanded a price per square foot of $147. The deal was successfully brokered by Jordan Avanzato, Jose Cruz, and Marc Duval, representing the respective parties involved.
Players
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
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93