Updated Oct 28, 2024
RET Industrial Acquires Industrial Property In Mahwah For $8M
46 Industrial Avenue, Mahwah, New Jersey 07430, United States
$8,000,000
$148/SF
Building Size
54,000 SF
Asset Type
Industrial
Closing
May 5, 2022
About this deal
AI
Located at 46 Industrial Ave in Mahwah, this industrial property was recently sold in a closed transaction. The property spans approximately 54,000 square feet and is situated in the Mahwah market. The deal was facilitated by Eric Demmers and Russell Verducci of NAI James E. Hanson.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $8,000,000
- Address: 46 Industrial Ave
- Market: Mahwah
The buyer in this transaction was RET Industrial, represented by Jack Edelstein and Yochi Twersky. They successfully acquired this industrial property for a price of $8,000,000, which translates to approximately $148 per square foot.
Note: The accompanying image of the property was taken by Eric Demmers and Russell Verducci.
On the Map
$8,000,000
$148/SF
Industrial
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Players
Mahwah 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
1.98%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93