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
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