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2-6 Aspen Pl, Passaic, NJ, USA

StageOne Acquires Industrial Property In Passaic For $2.125M With Listing Agent Roman Drukarov
SOLDIndustrial

StageOne Acquires Industrial Property In Passaic For $2.125M With Listing Agent Roman Drukarov

2-6 Aspen Pl, Passaic, NJ, USA

$2,125,000

$101/SF

Building Size

21,000 SF

Asset Type

Industrial

Closing

Mar 17, 2021

AI

Located at 2-6 Aspen Pl in Passaic, this industrial property recently changed hands in a sale transaction. The asset spans 21,000 square feet and is situated in the Passaic market. The property was sold by Black Diamond Development to StageOne, with the deal facilitated by Roman Drukarov, who served as the listing agent. The asking price for the property was $2,100,000, and it was ultimately sold for $2,125,000, resulting in a price per square foot of $101.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $2,125,000
  • Address: 2-6 Aspen Pl
  • Market: Passaic
  • Buyer: StageOne
  • Seller: Black Diamond Development
  • Broker: Roman Drukarov - Listing agent

This successful transaction highlights the active industrial real estate market in Passaic. It demonstrates the demand for industrial properties in the area, as well as the effectiveness of Roman Drukarov as a listing agent.

Players

Roman Drukarov

Berkshire Hathaway HomeServices

Broker

$22.5M

vol

8 deals

Broker
BD
Black Diamond DevelopmentSeller

Ringwood 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

7.46%

Cash-on-Cash

-2.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93