Longpoint Realty Partners Acquires Industrial Property In Clifton For $18.5M
SOLD
$18,500,000
New Jersey
See Similar DealsIndustrial100,000 SF
Sold 09/15/2022
SOLD
Longpoint Realty Partners Acquires Industrial Property In Clifton For $18.5M
31 Styertown Road, Clifton, New Jersey 07012, United States
See Similar DealsIndustrial100,000 SF
Sold 09/15/2022
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$185
Total Square Footage:100,000 SF
Transaction Type:Sale
An industrial property located at 31 & 35 Styertowne Road in Clifton has recently been sold for a price of $18,500,000. The property spans an area of 3 acres and has a total square footage of 100,000. This sale transaction was completed on September 15, 2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $18,500,000
- Address: 31 & 35 Styertowne Road, Clifton
- Market: Clifton
- ACRES: 3
The buyer in this transaction is Longpoint Realty Partners represented by Dwight Angelini. The seller of the property is Kessler-Schwartz Associates. The deal was facilitated by Josh Krantz from Lee & Associates.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$986,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$65,726.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$87,699.44
Annual Debt Service$1,052,393.26
Is there something missing? Send suggestions