Updated May 13, 2025
Brian Ker Of Snowball Developments Acquires Industrial Asset From Mynt Properties For $9.35M
601 Union Boulevard
$9,350,000
$130/SF
Building Size
71,500 SF
Asset Type
Industrial
Closing
May 6, 2025
About this deal
AI
The property asset involved in this transaction is an industrial facility located at 601 Union Boulevard in Totowa, NJ. The total sale price of the property is $9,350,000, encompassing a size of 71,500 square feet, resulting in a price per square foot of $130.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $9,350,000
- Address: 601 Union Boulevard
- Market: Totowa, NJ
- Size: 71,500 SF
- Price Per Square Foot: $130
- Buyer: Brian Ker - Snowball Developments
- Seller: Mynt Properties
- Brokers: Joseph Kassin & Steven Pollan - Kassin Sabbagh Realty
This transaction involved Brian Ker from Snowball Developments acquiring the property from Mynt Properties. The brokers facilitating the deal were Joseph Kassin and Steven Pollan, representing KSR in the transaction.
On the Map
$9,350,000
$130/SF
Industrial
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Players
Totowa 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
1.70%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93