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
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
Loading comparables…
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