RET Industrial Acquires Industrial Property In Mahwah For $8M
SOLD
$8,000,000
New Jersey
See Similar DealsIndustrial54,000 SF
Sold 05/06/2022
SOLD
RET Industrial Acquires Industrial Property In Mahwah For $8M
46 Industrial Avenue, Mahwah, New Jersey 07430, United States
See Similar DealsIndustrial54,000 SF
Sold 05/06/2022
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$148
Total Square Footage:54,000 SF
Transaction Type:Sale
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.
Players
BROKERAGE
BUYER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$426,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,422.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,924.08
Annual Debt Service$455,088.98
Is there something missing? Send suggestions