Updated Oct 28, 2024
Thor Equities Acquires Industrial Property In Meadowlands, Bogota For $50M
22 River Road, Bogota, New Jersey 07603, United States
$50,000,000
$344/SF
Building Size
145,000 SF
Asset Type
Industrial
Closing
Jan 3, 2022
About this deal
AI
Thor Equities has acquired an industrial property located at 22 River Rd in Meadowlands, Bogota. The property, totaling 145,000 square feet, was sold by Vanta Development for a price of $50,000,000, resulting in an average price per square foot of $345.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $50,000,000
- Address: 22 River Rd, Meadowlands, Bogota
- Market: Meadowlands, Bogota
The transaction was facilitated by Marc Duval, Jordan Avanzato, and Nick Stefans from JLL, who represented the buyer, Thor Equities, in the deal.
On the Map
$50,000,000
$344/SF
Industrial
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Players
Bogota 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
0.32%
Cash-on-Cash
-0.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93