Thor Equities Acquires Industrial Property In Meadowlands, Bogota For $50M
SOLD
$50,000,000
New Jersey
See Similar DealsIndustrial145,000 SF
Sold 01/04/2022
SOLD
Thor Equities Acquires Industrial Property In Meadowlands, Bogota For $50M
22 River Road, Bogota, New Jersey 07603, United States
See Similar DealsIndustrial145,000 SF
Sold 01/04/2022
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$344
Total Square Footage:145,000 SF
Transaction Type:Sale
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.
Players
BUYER
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,666,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$177,639.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$237,025.51
Annual Debt Service$2,844,306.11
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