Updated Oct 28, 2024
NK Real Estate LLC Acquires Industrial Property In Wallington, NJ From Old Bridge Developers For $3.2M
20 Main Avenue, Wa
$3,200,000
$355/SF
Building Size
9,000 SF
Asset Type
Industrial
Closing
Oct 6, 2022
About this deal
AI
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.
Players
Wallington 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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93