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Murray Dalfen Of Dalfen Industrial Acquires Industrial Property In Sayreville For $4.05M
SOLD
$4,050,000
+ 1
New Jersey
See Similar DealsIndustrial8,000 SF
Sold 08/29/2024
SOLD
Murray Dalfen Of Dalfen Industrial Acquires Industrial Property In Sayreville For $4.05M
2 Gowin Street
See Similar DealsIndustrial8,000 SF
Sold 08/29/2024
+ 1
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$506
Total Square Footage:8,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$216,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,388.79
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,199.07
Annual Debt Service$230,388.79
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