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Southpeak Group Acquires Industrial Property In Meadowlands, Carlstadt, NJ With Buyer's Rep Christopher Todd, Jeff DeMagistris & Bryan Bennis

Property Image
SOLD
$6,005,760
Jeffrey "Jeff" DeMagistris
Bryan Bennis

New Jersey

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Industrial26,112 SF
Sold 05/05/2022
the dealplayerscompscontact
Property Image
SOLD

Southpeak Group Acquires Industrial Property In Meadowlands, Carlstadt, NJ With Buyer's Rep Christopher Todd, Jeff DeMagistris & Bryan Bennis

455 Barell Avenue, Carlstadt, New Jersey 07072, United States

See Similar Deals
Industrial26,112 SF
Sold 05/05/2022
Jeffrey "Jeff" DeMagistris
Bryan Bennis
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$230
Total Square Footage:26,112 SF
Transaction Type:Sale

An industrial property located at 455 Barell Ave in Meadowlands, Carlstadt, NJ, was recently sold for a total of $6,005,760. The property spans an area of 26,112 square feet, resulting in a price per square foot of $230. The transaction took place on 05/05/2022.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $6,005,760
  • Address: 455 Barell Ave, Meadowlands, Carlstadt, NJ
  • Market: Meadowlands, Carlstadt, NJ

The buyer of the property was Southpeak Group, represented by Dax Gitcho and Tomas Cruzat. The seller in this transaction was SNS Rugs. NAI brokers Christopher Todd, Jeff DeMagistris, and Bryan Bennis facilitated the deal.

Players

Jeffrey "Jeff" DeMagistris
NAI James E. Hanson
Jeffrey DeMagistris
3 deals$6M volume
BROKER
Bryan Bennis
Bryan Bennis
1 deal$6M volume
BROKER

Details

SOLD
IMAGE: Christopher Todd, Jeff DeMagistris, Dax Gitcho, Tomas Cruzat & Bryan Bennis DATE: 05/05/2022 ADDRESS: 455 Barell Ave MARKET: Meadowlands, Carlstadt, NJ ASSET TYPE: Industrial BUYER: Southpeak Group - Dax Gitcho & Tomas Cruzat SELLER: SNS Rugs BROKERS: Christopher Todd, Jeff DeMagistris & Bryan Bennis - NAI SALE PRICE: $6,005,760 SF: 26,112 ~ PPSF: $230

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$320,307.19

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$21,337.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,470.37
Annual Debt Service$341,644.40