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206 N 12th St Newark, Nj 07...

Criterion Group Acquires Industrial Property In Newark For $26.1M With Brokers Isaac R. Setton, Bunny Escava & Bryna Flaum - KSR
SOLDIndustrial

Criterion Group Acquires Industrial Property In Newark For $26.1M With Brokers Isaac R. Setton, Bunny Escava & Bryna Flaum - KSR

206 N 12th St Newark, Nj 07107, Usa

$26,100,000

Building Size

Asset Type

Industrial

Closing

Jun 22, 2023

AI

The industrial property located at 206-238 N 12th St & 1 Springdale Ave in Newark was recently sold. The property spans across 10 acres with a sales price of $26,100,000. The transaction was facilitated by brokers Isaac R. Setton, Bunny Escava, and Bryna Flaum from KSR. The buyer of the property is Criterion Group, while the seller is Notte Management Group, represented by John Davis.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $26,100,000
  • Address: 206-238 N 12th St & 1 Springdale Ave
  • Market: Newark
  • Buyer: Criterion Group
  • Seller: Notte Management Group - John Davis
  • Brokers: Isaac R. Setton, Bunny Escava, and Bryna Flaum - KSR

The property transaction involved key individuals and companies. The buyer, Criterion Group, made a significant investment to acquire the industrial property in Newark. On the other hand, Notte Management Group, represented by John Davis, acted as the seller in the deal. The transaction was successfully facilitated by brokers Isaac R. Setton, Bunny Escava, and Bryna Flaum from KSR.

Players

Bunny Escava

Kassin Sabbagh Realty

Broker

$1.2B

vol

44 deals

Broker
Criterion Group
Criterion GroupBuyer

New Jersey 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

0.61%

Cash-on-Cash

-0.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93