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400 Swenson Drive

Raj Walvekar Acquires Industrial Property At 400-450 Swenson Drive Kenilworth For $3.335M
SOLDIndustrial

Raj Walvekar Acquires Industrial Property At 400-450 Swenson Drive Kenilworth For $3.335M

400 Swenson Drive

$3,335,000

$195/SF

Building Size

17,040 SF

Asset Type

Industrial

Closing

Sep 9, 2025

AI

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

Russell Verducci

NAI James E. Hanson

Broker

$58.5M

vol

9 deals

Broker
NAI James E. Hanson
NAI James E. HansonBrokerage

Kenilworth 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

4.76%

Cash-on-Cash

-1.36%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93