Updated Oct 28, 2024
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
About this deal
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.
The industrial sale at 52 Amsterdam Street in Newark, New Jersey sold for $35.8M in 2022. 52 Amsterdam Street is classified as Industrial on Traded. Will Gerlin, Ryan Larkin, Kyle Schmidt, Gary Gabriel appear on the sale alongside Cushman & Wakefield. This page is the Newark, New Jersey file for the 52 Amsterdam Street industrial sold: pricing, party profiles, and other closed industrial comps from the same Newark sit in the Market section below. Filter that Newark industrial set by closing date to see what else sold near 52 Amsterdam Street around 2022. Published consideration for 52 Amsterdam Street is $35.8M, dated 2022. Cite this Daybreak Express Acquires Industrial Property In Newark, NJ For $35.8M sale when underwriting similar industrial product around Newark, New Jersey.
Players
Newark 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
0.44%
Cash-on-Cash
-0.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93