Joseph Smouha Acquires Industrial Property In Totowa, NJ For $7.6M
601 Union Boulevard
$7,600,000
$109/SF
Building Size
69,200 SF
Asset Type
Industrial
Closing
Sep 28, 2022
AI
Jonathan De La Rosa of Marcus & Millichap facilitated the sale of an industrial property located at 601 Union Blvd in Totowa, NJ. The property, spanning 69,200 square feet, was sold for $7,600,000 at a price per square foot of $110.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $7,600,000
- Address: 601 Union Blvd, Totowa, NJ
- Market: Totowa, NJ
Joseph Smouha purchased the property from Keith Diamond. Jonathan De La Rosa from Marcus & Millichap represented both parties as the broker in this transaction.
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
2.09%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93