Updated Dec 21, 2023
Cushman & Wakefield Brokers Close $7.2M Industrial Sale In Denville
5 Astro Place, Denville, New Jersey 07866, United States
$7,200,000
$171/SF
Building Size
42,000 SF
Asset Type
Industrial
Closing
Oct 19, 2022
About this deal
AI
The industrial property located at 5 Astro Place in Denville has been sold. The transaction took place on 10/20/2022, with a sale price of $7,200,000. The property spans over 3.41 acres and has a total square footage of 42,000. The price per square foot was $171.
Andrew Schwartz, Jordan Sobel, and Andre Balthazard from Cushman & Wakefield represented the parties involved in the sale.
Summary of transaction details:
- Property Type: Industrial
- Sale Price: $7,200,000
- Address: 5 Astro Place
- Market: Denville
- Acres: 3.41
- Square Footage: 42,000
- Price Per Square Foot: $171
This successful transaction was facilitated by the expertise of Andrew Schwartz, Jordan Sobel, and Andre Balthazard from Cushman & Wakefield. Their representation played a crucial role in the sale of the industrial property at 5 Astro Place in Denville.
Players
Rockaway 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
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93