Marcus & Millichap Brokers Mark Gjonbalaj, Alan Cafiero, Ben Sgambati & David Adjmi Sell Industrial Property In Kearny, NJ For $21.15M
35 Obrien Street, Kearny, NJ, USA
$21,150,000
$156/SF
Building Size
135,000 SF
Asset Type
Industrial
Closing
Aug 27, 2021
AI
A 135,000 square foot industrial property located at 35 Obrien St in Kearny, NJ has been sold. The transaction took place on August 27, 2021. The property was sold for a total price of $21,150,000, resulting in a price per square foot of $157.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $21,150,000
- Address: 35 Obrien St, Kearny, NJ
- Market: Kearny, NJ
- Brokers: Mark Gjonbalaj, Alan Cafiero, Ben Sgambati & David Adjmi - Marcus & Millichap
The deal was represented by Mark Gjonbalaj, Alan Cafiero, Ben Sgambati, and David Adjmi from Marcus & Millichap.
Players
Kearny 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
0.75%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93