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601 Union Boulevard

Brian Ker Of Snowball Developments Acquires Industrial Asset From Mynt Properties For $9.35M
SOLDIndustrial

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

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:

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

Joseph Kassin

Kassin Sabbagh Realty

Broker

$1.1B

vol

14 deals

Broker

Totowa 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

1.70%

Cash-on-Cash

-0.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93