Updated May 12, 2025
Mana Group's Moishe Mana Sells Industrial Property In North Arlington, NJ For $120M
38 Porete Ave, North Arlington, NJ, USA
$120,000,000
$861/SF
Building Size
139,255 SF
Asset Type
Industrial
Closing
May 3, 2021
About this deal
AI
The property asset is an industrial facility located at 38 Porete Ave., North Arlington, NJ. It was sold for $120,000,000, with a total square footage of 139,255 and a price per square foot of $862.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $120,000,000
- Square Footage: 139,255
- Price per Square Foot: $862
- Seller: Mana Group - Moishe Mana
- Market: North Arlington, NJ
Representing the seller in this transaction was Moishe Mana, associated with Mana Group, which facilitated the sale of the industrial property.
On the Map
$120,000,000
$861/SF
Industrial
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Players
North Arlington 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
0.13%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93