Brian Ker Of Snowball Developments Acquires Industrial Asset From Mynt Properties For $9.35M
SOLD
$9,350,000
New Jersey
See Similar DealsIndustrial71,500 SF
Sold 05/07/2025
SOLD
Brian Ker Of Snowball Developments Acquires Industrial Asset From Mynt Properties For $9.35M
601 Union Boulevard
See Similar DealsIndustrial71,500 SF
Sold 05/07/2025
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$130
Total Square Footage:71,500 SF
Transaction Type:Sale
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.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$498,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$33,218.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$44,323.77
Annual Debt Service$531,885.24
Is there something missing? Send suggestions