River Walk LLC Acquires Industrial Property In Boonton For $2.1M
2 Plane Street, Boonton, NJ, USA
$2,100,000
$42/SF
Building Size
50,000 SF
Asset Type
Industrial
Closing
Dec 11, 2020
AI
The industrial property located at 2 & 30 Plane Street in Boonton has been sold. The transaction, which took place on December 20, was facilitated by James Costanzo from Charity Realty International. The property spans approximately 50,000 square feet and was sold for a price of $2,100,000, resulting in a price per square foot of $42.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,100,000
- Date: December 20
- Address: 2 & 30 Plane Street, Boonton
- Market: Boonton
- Buyer: River Walk LLC
- Broker: James Costanzo - Charity Realty International
- Square Footage: 50,000 sf
- Price per Square Foot: $42
The buyer of the property was River Walk LLC, while James Costanzo represented both parties as the broker from Charity Realty International.
Players
Boonton Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93