facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New Jersey

/

Industrial

/

Sale

/

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

Loading comparables…

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