Northpath Investments Acquires Industrial Property In Fairview For $5.1M
SOLD
$5,100,000
New Jersey
See Similar DealsIndustrial29,822 SF
Sold 05/16/2022
SOLD
Northpath Investments Acquires Industrial Property In Fairview For $5.1M
323 Bergen Boulevard, Fairview, New Jersey 07022, United States
See Similar DealsIndustrial29,822 SF
Sold 05/16/2022
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$171
Total Square Footage:29,822 SF
Transaction Type:Sale
The industrial property located at 323 Bergen Blvd in Fairview has been sold for a price of $5,100,000. The property spans a total area of 29,822 square feet, resulting in a price per square foot of $171. Gershon Alexander, a representative from Northpath Investments, acted as the buyer in this transaction.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $5,100,000
- Address: 323 Bergen Blvd, Fairview
- Market: Fairview
- Buyer: Northpath Investments - Gershon Alexander
- Square Footage: 29,822
- Price per Square Foot: $171
Gershon Alexander, representing Northpath Investments, played a key role as the buyer in this industrial property transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$271,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,119.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,176.60
Annual Debt Service$290,119.22
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