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Dalfen Industrial Acquires Industrial Property In Old Bridge, NJ For $7.6M

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SOLD
$7,600,000

New Jersey

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Industrial
Sold 08/09/2023
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Property Image
SOLD

Dalfen Industrial Acquires Industrial Property In Old Bridge, NJ For $7.6M

299 Old Water Works Rd Old Bridge, NJ 08857, USA

See Similar Deals
Industrial
Sold 08/09/2023
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Summary

NEW JERSEY
Asset Type:Industrial
Transaction Type:Sale

An industrial property located at 299-369 Old Water Works Road in Old Bridge, NJ has been recently sold for a price of $7,600,000. The property spans across 6.9 acres and has a price-per-acre value of $1,101,449. The transaction took place between the buyer, Dalfen Industrial, and the seller, Suzanne Jarrell. The property was listed by brokers Shaya Nisnevitz and Bunny Escava of Kassin Sabbagh Realty.

Summary of Transaction Details

  • Property Type: Industrial
  • Sale Price: $7,600,000
  • Acres: 6.9
  • Price-Per-Acre (PPA): $1,101,449
  • Buyer: Dalfen Industrial
  • Seller: Suzanne Jarrell
  • Brokers: Shaya Nisnevitz & Bunny Escava - Kassin Sabbagh Realty

The sale of the industrial property was facilitated by brokers Shaya Nisnevitz and Bunny Escava, representing Kassin Sabbagh Realty. Dalfen Industrial acquired the property from Suzanne Jarrell. The transaction highlights the active involvement of these key individuals and companies in the industrial real estate market of Old Bridge, NJ.

Players

Bunny Escava
44 deals$1.2B volume(917) 886-7545
BROKER

Shaya Nisnevitz
Kassin Sabbagh Realty
10 deals$96.9M volume
BROKER

Dalfen Industrial
BUYER

Details

SOLD
IMAGE: Shaya Nisnevitz & Bunny Escava DATE: 08/09/2023 ADDRESS: 299-369 Old Water Works Road MARKET: Old Bridge, NJ ASSET TYPE: Industrial BUYER: Dalfen Industrial SELLER: Suzanne Jarrell BROKERS: Shaya Nisnevitz (@Shaya_Nisnevich) & Bunny Escava (@Bunnnyyy) - Kassin Sabbagh Realty (@Kassin_Sabbagh_Realty) SALE PRICE: $7,600,000 ACRES: 6.9 ~ PPA: $1,101,449

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$405,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$27,001.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,027.88
Annual Debt Service$432,334.53