NAI James E. Hanson Represents Sale Of Industrial Asset At 50 Hollister Road For $4.15M
SOLD
$4,150,000
New Jersey
See Similar DealsIndustrial14,664 SF
Sold 01/16/2026
SOLD
NAI James E. Hanson Represents Sale Of Industrial Asset At 50 Hollister Road For $4.15M
50 Hollister Road
See Similar DealsIndustrial14,664 SF
Sold 01/16/2026
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$283
Total Square Footage:14,664 SF
Transaction Type:Sale
The property asset involved in this transaction is an industrial facility located at 50 Hollister Road in Teterboro. The sale price of the property was $4,150,000, covering a total area of 14,664 square feet, which translates to a price per square foot of $283.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,150,000
- Address: 50 Hollister Road
- Market: Teterboro
- Total Square Footage: 14,664
- Price Per Square Foot: $283
The deal was facilitated by brokers John Schilp, Andrew Somple, and Jessica Curry representing NAI James E. Hanson.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$221,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,744.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,673.12
Annual Debt Service$236,077.41
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