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
Rockaway Township Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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