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2 Gowin Street

Murray Dalfen Of Dalfen Industrial Acquires Industrial Property In Sayreville For $4.05M
SOLDIndustrial

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:

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

Elli Klapper

CBRE

Broker

$439.5M

vol

31 deals

Broker

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