Updated Dec 18, 2023
Schasver Sinch Acquires Clifton, NJ Warehouse From Ronald S Wagner For $4.5M
2 Broad Street, Clifton, New Jersey 07013, United States
$4,500,000
Building Size
—
Asset Type
Industrial
Closing
Mar 17, 2022
About this deal
AI
The recently closed property transaction involves a warehouse located at 2 Broad St in Clifton, NJ. The warehouse was sold on March 18, 2022. The buyer, Schasver Sinch, purchased the property from the seller, Ronald S Wagner, for a total price of $4,500,000.
Summary of transaction details:
- Property Type: Warehouse
- Transaction Amount: $4,500,000
- Address: 2 Broad St, Clifton, NJ
- Market: Clifton, NJ
During the transaction, Schasver Sinch was represented by their broker's representative from their agency. The deal showcases the successful collaboration between the buyer, seller, and their respective representatives.
Players
Clifton Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93