Updated Oct 28, 2024
Emerald Green Estates LLC Acquires Industrial Property In Warren, NJ For $3.9M
6 Powder Horn Drive, Warren, NJ, USA
$3,900,000
$105/SF
Building Size
37,000 SF
Asset Type
Industrial
Closing
Apr 22, 2021
About this deal
AI
An industrial property located at 6 Powder Horn Drive in Warren, NJ has been sold for a price of $3,900,000. The property spans across 37,000 square feet and sits on 7.5 acres of land. The sale was completed on 04/23/2021.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $3,900,000
- Address: 6 Powder Horn Drive, Warren, NJ
- Square Footage: 37,000
- Acres: 7.5
The buyer of the property is Emerald Green Estates LLC and the seller is Tenbe Realty. The deal was facilitated by Rick Gelmetti from Lee & Associates. The price per square foot for this transaction is $105, while the price per acre amounts to $520,000.
Players
Lopatcong Township 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
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93