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3100 N Mill Rd, Vineland, N...

High Street Logistics Properties Acquires Industrial Property In Vineland For $23.2M
SOLDIndustrial

High Street Logistics Properties Acquires Industrial Property In Vineland For $23.2M

3100 N Mill Rd, Vineland, NJ 08360, USA

$23,200,000

$53/SF

Building Size

432,000 SF

Asset Type

Industrial

Closing

Aug 11, 2020

AI

The industrial property located at 3100 North Mill Road in Vineland has been sold for a price of $23,200,000. The property spans across 432,000 square feet, resulting in a price per square foot of $54. This closed transaction involved the buyer, High Street Logistics Properties, and the seller, Vineland Construction.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $23,200,000
  • Square Footage: 432,000
  • Price per Square Foot: $54
  • Address: 3100 North Mill Road, Vineland
  • Market: Vineland

The deal was facilitated by the brokers Michael Hines, Brad Ruppel, Brian Fiumara, and Lauren Dawicki from CBRE. They represented the involved parties, ensuring a smooth transaction for both the buyer and the seller.

Players

Brad Ruppel

CBRE

Broker

$913.1M

vol

14 deals

Broker
HP
High Street Logistics PropertiesBuyer
VC
Vineland ConstructionSeller

Vineland 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

0.68%

Cash-on-Cash

-0.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93