River Walk LLC Acquires Industrial Property In Boonton For $2.1M
SOLD
$2,100,000
New Jersey
See Similar DealsIndustrial50,000 SF
Sold 12/12/2020
SOLD
River Walk LLC Acquires Industrial Property In Boonton For $2.1M
2 Plane Street, Boonton, NJ, USA
See Similar DealsIndustrial50,000 SF
Sold 12/12/2020
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$42
Total Square Footage:50,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$112,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86
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