Updated Oct 28, 2024
EverWest Real Estate Investors Acquires Industrial Property In Rahway, NJ For $62M
329 New Brunswick Avenue, Rahway, New Jersey 07065, United States
$62,000,000
$288/SF
Building Size
215,000 SF
Asset Type
Industrial
Closing
May 12, 2022
About this deal
AI
An industrial property located at 329 New Brunswick Ave. in Rahway, NJ has been sold for a total price of $62,000,000. The property encompasses approximately 215,000 square feet, resulting in a per square foot price of $288.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $62,000,000
The buyer of the property is EverWest Real Estate Investors, represented by Steve Feinberg as their broker. The deal was facilitated by a team from Meridian Capital Group consisting of Isaac Filler, Abie Kassin, and Ikey Betesh.
Players
Rahway 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
0.26%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93