Marcus & Millichap Brokers Mark Gjonbalaj, Alan Cafiero, Ben Sgambati & David Adjmi Sell Industrial Property In Kearny, NJ For $21.15M
SOLD
$21,150,000
+ 1
New Jersey
See Similar DealsIndustrial135,000 SF
Sold 08/27/2021
SOLD
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
See Similar DealsIndustrial135,000 SF
Sold 08/27/2021
+ 1
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$156
Total Square Footage:135,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,128,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$75,141.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$100,261.79
Annual Debt Service$1,203,141.48
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