facebook

traded

+ Submit
Home

/

Deals

/

New Jersey

/

Industrial

/

Sale

/

6 Wheeling Road, Dayton, NJ...

CenterPoint Properties Acquires 14-acre Industrial Property In Dayton For $43.6M With Bunny Escava & Isaac Setton - Kassin Sabbagh Realty
SOLDIndustrial

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

Bunny Escava

Kassin Sabbagh Realty

Broker

$1.2B

vol

44 deals

Broker

Bob Chapman

CenterPoint Properties

Buyer

$968.1M

vol

13 deals

Buyer

Dayton Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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