Dholakia Properties LLC Acquires Industrial Property In East Rutherford, NJ For $5.55M
SOLD
$5,550,000
New Jersey
See Similar DealsIndustrial45,000 SF
Sold 10/25/2022
SOLD
Dholakia Properties LLC Acquires Industrial Property In East Rutherford, NJ For $5.55M
190 Van Winkle Street
See Similar DealsIndustrial45,000 SF
Sold 10/25/2022
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$123
Total Square Footage:45,000 SF
Transaction Type:Sale
The industrial property located at 190 Van Winkle St in East Rutherford, NJ has been sold for a price of $5,550,000. The property spans 45,000 square feet, resulting in a price per square foot of $123.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $5,550,000
- Square Footage: 45,000
- Price per Square Foot: $123
- Address: 190 Van Winkle St, East Rutherford, NJ
- Market: East Rutherford, NJ
The buyer of the property is Dholakia Properties LLC, while the seller is 190 Van Winkle Realty LLC. The transaction was facilitated by Maggie Abdo-Manno, CCIM from Century21 Semiao and Associates, who represented the buyer.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$295,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,717.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,309.83
Annual Debt Service$315,717.98
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