High Street Logistics Properties Acquires Industrial Property In Vineland For $21.95M
3254 North Mill Road, Vineland, NJ, USA
$21,950,000
$81/SF
Building Size
269,500 SF
Asset Type
Industrial
Closing
Jan 11, 2021
AI
A industrial property located at 3254 N. Mill Road in Vineland has been sold for a price of $21,950,000. The property spans a total area of 269,500 square feet, resulting in a price per square foot of $81. The transaction took place on January 12, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $21,950,000
- Address: 3254 N. Mill Road, Vineland
- Market: Vineland
- Buyer: High Street Logistics Properties
- Seller: Vineland Construction
- Brokers: Michael Hines, Brian Fiumara, Brad Ruppel, and Lauren Dawicki - CBRE
- Square Footage: 269,500
- Price per Square Foot: $81
The buyer, High Street Logistics Properties, acquired the industrial property from Vineland Construction. The deal was facilitated by brokers Michael Hines, Brian Fiumara, Brad Ruppel, and Lauren Dawicki from CBRE.
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
0.72%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93