Updated Oct 28, 2024
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
About this deal
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.
The industrial sale at 601 Lehigh Avenue, Union, New Jersey 07083, United States in Union, New Jersey sold for $26M in 2022. The building is 160,000 square feet, implying about 162 per square foot on the published price. This page is the Union, New Jersey file for the 601 Lehigh Avenue, Union, New Jersey 07083, United States industrial sold: pricing, party profiles, and other closed industrial comps from the same Union sit in the Market section below. Filter that Union industrial set by closing date to see what else sold near 601 Lehigh Avenue, Union, New Jersey 07083, United States around 2022. Published consideration for 601 Lehigh Avenue, Union, New Jersey 07083, United States is $26M, dated 2022. Cite this Bay Street Capital Acquires Industrial Property In Union, NJ For $26M sale when underwriting similar industrial product around Union, New Jersey.
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