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1890 Swarthmore Avenue, Lak...

Updated Oct 29, 2024

Humble 3PL Acquires Industrial Property In Lakewood For $11M
SOLDIndustrial

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

Jordan Avanzato

NAI James E. Hanson

Broker

$2.5B

vol

53 deals

Broker

Lakewood Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $146 per square foot on a published $11M for 75,000 square feet (2020).

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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

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