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52 Amsterdam Street

Daybreak Express Acquires Industrial Property In Newark, NJ For $35.8M
SOLDIndustrial

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

Gary Gabriel

Cushman & Wakefield

Broker

$4.6B

vol

58 deals

Broker

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