Daybreak Express Acquires Industrial Property In Newark, NJ For $35.8M
SOLD
$35,800,000
+ 1
New Jersey
See Similar DealsIndustrial
Sold 09/12/2022
SOLD
Daybreak Express Acquires Industrial Property In Newark, NJ For $35.8M
52 Amsterdam Street
See Similar DealsIndustrial
Sold 09/12/2022
+ 1
Summary
NEW JERSEY
Asset Type:Industrial
Transaction Type:Sale
Daybreak Express has acquired an industrial property located at 52 Amsterdam St in Newark, NJ. The property spans across 5.6 acres and was sold for a price of $35,800,000, which translates to a price per acre of approximately $6,392,857.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $35,800,000
The deal was facilitated by the brokerage team at Cushman & Wakefield, including Gary Gabriel, Kyle Schmidt, Ryan Larkin, and Will Gerlin.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,909,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$127,189.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$169,710.26
Annual Debt Service$2,036,523.17
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