CBRE Brokers Sell 13.7-Acre Industrial Property In Rockaway, NY For $19.6M
SOLD
$19,600,000
+ 1
New Jersey
See Similar DealsIndustrial121,038 SF
Sold 02/09/2022
SOLD
CBRE Brokers Sell 13.7-Acre Industrial Property In Rockaway, NY For $19.6M
25 Green Pond Road, Rockaway, New Jersey 07866, United States
See Similar DealsIndustrial121,038 SF
Sold 02/09/2022
+ 1
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$161
Total Square Footage:121,038 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,045,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$69,634.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$92,914.00
Annual Debt Service$1,114,967.99
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