Updated Dec 17, 2025
Cabot Properties Acquires Industrial Property In Newark, NJ For $21M
212 Rome Street, Newark, NJ 07105, USA
$21,000,000
$320/SF
Building Size
65,539 SF
Asset Type
Industrial
Closing
Dec 2, 2021
About this deal
AI
Located at 212 Rome Street in Newark, NJ, this industrial property was recently sold in a closed transaction. It covers a total area of 65,539 square feet and is situated in the Newark market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $21,000,000
- Seller: RBH Group
- Buyer: Cabot Properties
- Brokers: Thomas Walsh & Joseph Garibaldi - Walker & Dunlop
The deal was facilitated by brokers Thomas Walsh and Joseph Garibaldi from Walker & Dunlop. Cabot Properties acquired the property from RBH Group for a total price of $21,000,000. The price per square foot for this transaction is $320.
On the Map
$21,000,000
$320/SF
Industrial
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Players
Newark 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
0.76%
Cash-on-Cash
-0.22%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93