Daybreak Express Acquires Industrial Property In Newark, NJ For $35.8M
52 Amsterdam Street
$35,800,000
Building Size
—
Asset Type
Industrial
Closing
Sep 12, 2022
AI
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.
Players
Newark Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.44%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93