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
$43,600,000
$220/SF
Building Size
198,000 SF
Asset Type
Industrial
Closing
Dec 27, 2021
AI
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.
Players
Dayton 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
0.36%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93