Bay Street Capital Acquires Industrial Property In Union, NJ For $26M
601 Lehigh Avenue, Union, New Jersey 07083, United States
$26,000,000
$162/SF
Building Size
160,000 SF
Asset Type
Industrial
Closing
May 3, 2022
AI
The industrial property located at 601 Lehigh Ave in Union, NJ has been sold for a price of $26,000,000. The property spans an area of 160,000 square feet, resulting in a price per square foot of $162.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $26,000,000
- Address: 601 Lehigh Ave, Union, NJ
- Market: Union, NJ
Bay Street Capital, represented by Jeremy Stenberg & Drake Real Estate Partners, acquired the property. The deal was completed on 05/04/2022.
Players
Union 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
0.61%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93