NJ VM Properties Sells Industrial Property At 473 US Route 46 Clifton NJ For $5.3M
SOLD
$5,300,000
New Jersey
See Similar DealsIndustrial33,600 SF
Sold
SOLD
NJ VM Properties Sells Industrial Property At 473 US Route 46 Clifton NJ For $5.3M
473 US Route 46
See Similar DealsIndustrial33,600 SF
Sold
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$157
Total Square Footage:33600 SF
Transaction Type:Sale
The property asset involved in the transaction is located at 473 US Route 46 in Clifton, NJ. This industrial asset encompasses a total area of 33,600 square feet and was sold for $5,300,000, translating to a price per square foot of $157.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,300,000
- Square Footage: 33,600 SF
- Address: 473 US Route 46
- Market: Clifton, NJ
- Seller: NJ VM Properties
- Brokers: Isaac R. Setton, Bunny Escava & Ariel Mamane - KSR
The transaction involved several key individuals representing the brokerage side of the deal. Isaac R. Setton, Bunny Escava, and Ariel Mamane from KSR played significant roles in facilitating this sale on behalf of the seller, NJ VM Properties.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$282,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$18,829.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,124.70
Annual Debt Service$301,496.45
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