Murray Dalfen Of Dalfen Industrial Acquires Industrial Property In Sayreville For $4.05M
2 Gowin Street
$4,050,000
$506/SF
Building Size
8,000 SF
Asset Type
Industrial
Closing
Aug 29, 2024
AI
Dalfen Industrial acquired a 8,000-square-foot industrial property located at 2 Gowin Street in Sayreville for $4.05 million. The transaction was conducted off-market and involved a total land area of 1.25 acres.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,050,000
- Square Footage: 8,000
- Price Per Square Foot: $506
- Buyer: Murray Dalfen - Dalfen Industrial
- Seller: Highpoint Enterprises
- Brokers: Elli Klapper, Jeremy Wernick, Liam McGregor & Mark Silverman - CBRE
This transaction enhances Dalfen Industrial's presence in the Northeast's active industrial market, showcasing the growth opportunities within the sector following their acquisition from Highpoint Enterprises.
Players
Sayreville 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
3.92%
Cash-on-Cash
-1.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93