Raj Walvekar Acquires Industrial Property At 400-450 Swenson Drive Kenilworth For $3.335M
SOLD
$3,335,000
New Jersey
See Similar DealsIndustrial17,040 SF
Sold 09/10/2025
SOLD
Raj Walvekar Acquires Industrial Property At 400-450 Swenson Drive Kenilworth For $3.335M
400 Swenson Drive
See Similar DealsIndustrial17,040 SF
Sold 09/10/2025
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$195
Total Square Footage:17,040 SF
Transaction Type:Sale
The property asset involved in this transaction is located at 400-450 Swenson Drive in Kenilworth. This industrial asset consists of a total of 17,040 square feet and was sold for $3,335,000, translating to a price per square foot of $195.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,335,000
- Square Footage: 17,040
- Address: 400-450 Swenson Drive
- Market: Kenilworth
- Price per Square Foot: $195
The deal involved buyer Raj Walvekar, who acquired the property. The brokerage team consisting of Russell Verducci, Eric Demmers, and Colin Goldstein represented the transaction under NAI James E. Hanson.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$177,866.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,848.56
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,809.60
Annual Debt Service$189,715.22
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