Updated Dec 4, 2024
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
About this deal
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.
On the Map
$4,050,000
$506/SF
Industrial
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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