Updated Oct 29, 2024
Dalfen Industrial Acquires Industrial Property In Old Bridge, NJ For $7.6M
299 Old Water Works Rd Old Bridge, NJ 08857, USA
$7,600,000
Building Size
—
Asset Type
Industrial
Closing
Aug 9, 2023
About this deal
AI
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.
On the Map
$7,600,000
Industrial
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.09%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93