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25 Green Pond Road, Rockawa...

CBRE Brokers Sell 13.7-Acre Industrial Property In Rockaway, NY For $19.6M
SOLDIndustrial

CBRE Brokers Sell 13.7-Acre Industrial Property In Rockaway, NY For $19.6M

25 Green Pond Road, Rockaway, New Jersey 07866, United States

$19,600,000

$161/SF

Building Size

121,038 SF

Asset Type

Industrial

Closing

Feb 8, 2022

AI

The industrial property located at 25 Green Pond Road in Rockaway has been sold in a recent transaction. The property spans across 13.7 acres and is characterized by its industrial use.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $19,600,000
  • Address: 25 Green Pond Road
  • Market: Rockaway
  • Size: 121,038 square feet
  • Price Per Square Foot: $162

The deal was facilitated by the brokers from CBRE, including Thomas Mallaney, Charles Berger, Mark Silverman, and Elli Klapper. They represented the parties involved in the transaction and contributed to its successful completion.

Players

Charles Berger

CBRE

Broker

$217.7M

vol

20 deals

Broker

Rockaway Township 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

0.81%

Cash-on-Cash

-0.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93