NK Real Estate LLC Acquires Industrial Property In Wallington, NJ From Old Bridge Developers For $3.2M
SOLD
$3,200,000
New Jersey
See Similar DealsIndustrial9,000 SF
Sold 10/06/2022
SOLD
NK Real Estate LLC Acquires Industrial Property In Wallington, NJ From Old Bridge Developers For $3.2M
20 Main Avenue, Wa
See Similar DealsIndustrial9,000 SF
Sold 10/06/2022
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$355
Total Square Footage:9,000 SF
Transaction Type:Sale
The industrial property located at 16 - 20 Main Avenue in Wallington, NJ has been sold in a closed transaction. The property spans approximately 9,000 square feet and was sold for a price of $3,200,000, equating to a price per square foot of $356.
Summary of transaction details
- Property Type: Industrial
- Sale Price: $3,200,000
- Square Footage: 9,000
- Price per Square Foot: $356
- Address: 16 - 20 Main Avenue, Wallington, NJ
- Market: Wallington, NJ
The buyer of the property is NK Real Estate LLC, while the seller is Old Bridge Developers LLC. Representing the transaction was Maggie Abdo-Manno from Century21 Semiao.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$170,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,368.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,169.63
Annual Debt Service$182,035.59
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