400 Cooper Road LLC Acquires Industrial Property In West Berlin, NJ For $2.59M
SOLD
$2,590,000
New Jersey
See Similar DealsIndustrial38,928 SF
Sold 06/15/2020
SOLD
400 Cooper Road LLC Acquires Industrial Property In West Berlin, NJ For $2.59M
400 Cooper Road, West Berlin, NJ, USA
See Similar DealsIndustrial38,928 SF
Sold 06/15/2020
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$66
Total Square Footage:38,928 SF
Transaction Type:Sale
The industrial property located at 400 Cooper Road in West Berlin, NJ was recently sold in a transaction that closed on June 15, 2021. The buyer of the property is 400 Cooper Road LLC, represented by Brendan Fernandes. The seller of the property is GW Investors LLC.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $2,590,000
- Square Footage: 38,928
- Price Per Square Foot: $67
- Address: 400 Cooper Road, West Berlin, NJ
- Market: West Berlin, NJ
The deal was facilitated by Brett Davidoff of Rose Commercial Real Estate, who represented the buyer, 400 Cooper Road LLC, in the transaction. Brett Davidoff's expertise and guidance were instrumental in the successful completion of the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$138,133.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,201.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,277.92
Annual Debt Service$147,335.06
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