Updated Oct 28, 2024
Snowball Developments Acquires Industrial Property In Mountainside From Brookrace Properties LLC
256 Sheffield Street, Mountainside, New Jersey 07092, United States
$16,200,000
Building Size
—
Asset Type
Industrial
Closing
Sep 15, 2022
About this deal
AI
An industrial property located at 256 & 270 Sheffield St in Mountainside has been sold for $16,200,000. The transaction took place on September 16, 2022. The property was sold by Brookrace Properties LLC to Snowball Developments.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $16,200,000
- Date: 09/16/2022
- Address: 256 & 270 Sheffield St
- Market: Mountainside
The sale was facilitated by Jeff Heller & Steven Geltzeiler from Avison Young, who represented both the buyer, Snowball Developments, and the seller, Brookrace Properties LLC.
On the Map
$16,200,000
Industrial
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Players
Mountainside 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
0.98%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93