Updated Oct 28, 2024
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
$6,005,760
$230/SF
Building Size
26,112 SF
Asset Type
Industrial
Closing
May 4, 2022
About this deal
AI
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
Carlstadt 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
2.64%
Cash-on-Cash
-0.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93