GNAP Development LLC Acquires Property At 433 Murray Hill Pkwy East Rutherford For $14M With Matthew Dudzinski As Buyer's Rep
SOLD
$14,000,000
New Jersey
See Similar DealsIndustrial100,000 SF
SOLD
GNAP Development LLC Acquires Property At 433 Murray Hill Pkwy East Rutherford For $14M With Matthew Dudzinski As Buyer's Rep
433 Murray Hill Pkwy, East Rutherford...
See Similar DealsIndustrial100,000 SF
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$140
Total Square Footage:100000 SF
Transaction Type:Sale
An industrial building located at 433 Murray Hill Pkwy in East Rutherford has been sold for $14,000,000. The property encompasses a total area of 100,000 square feet and is situated in the East Rutherford market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $14,000,000.00
- Address: 433 Murray Hill Pkwy, East Rutherford
- Market: East Rutherford
- Buyer: GNAP Development LLC
- Seller: Unknown
- Buyer's Representative: Matthew Dudzinski - Atlantic Real Estate Services
- Seller's Representatives: David Cantor, Greg Sholom
The sale was facilitated by Team Resources Inc., with President Gregory Sholom and CEO David Cantor representing the seller during the transaction. Matthew Dudzinski represented the buyer, GNAP Development LLC, in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$746,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$49,739.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$66,367.14
Annual Debt Service$796,405.71
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