CenterPoint Properties Acquires 14-acre Industrial Property In Dayton For $43.6M With Bunny Escava & Isaac Setton - Kassin Sabbagh Realty
SOLD
$43,600,000
New Jersey
See Similar DealsIndustrial198,000 SF
Sold 12/27/2021
SOLD
CenterPoint Properties Acquires 14-acre Industrial Property In Dayton For $43.6M With Bunny Escava & Isaac Setton - Kassin Sabbagh Realty
6 Wheeling Road, Dayton, NJ 08810
See Similar DealsIndustrial198,000 SF
Sold 12/27/2021
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$220
Total Square Footage:198,000 SF
Transaction Type:Sale
CenterPoint Properties has acquired an industrial property located at 6 Wheeling Road in Dayton. The property spans across 14 acres, offering ample space for industrial activities.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $43,600,000
- Address: 6 Wheeling Road
- Market: Dayton
- Acres: 14
The deal was facilitated by Bunny Escava and Isaac Setton from Kassin Sabbagh Realty, serving as brokers for CenterPoint Properties. Bob Chapman represented the buyer in this transaction, demonstrating CenterPoint Properties' commitment to expanding its portfolio in the industrial sector.
The property measures approximately 198,000 square feet, offering ample space for industrial operations. With a sale price of $43,600,000, the property was sold at an average price per square foot of $220.
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,325,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$154,901.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$206,686.24
Annual Debt Service$2,480,234.92
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