Updated Mar 3, 2026
Brian Ker Purchases Industrial Asset At 605 Union Boulevard Totowa From Joseph Smouha For $9.35M
605 Union Boulevard
$9,350,000
$135/SF
Building Size
69,200 SF
Asset Type
Industrial
Closing
May 14, 2025
About this deal
AI
The industrial property located at 605 Union Boulevard in Totowa, NJ, has been sold for a transaction amount of $9,350,000. The asset encompasses a total space of 69,200 square feet, equating to a price per square foot of $135.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $9,350,000
- Address: 605 Union Boulevard
- Market: Totowa, NJ
- Square Footage: 69,200
- Price Per Square Foot: $135
- Buyer: Brian Ker
- Seller: Joseph Smouha
- Broker: Marc D. Smouha - CorePoint RE
The key individuals involved in this transaction include buyer Brian Ker and seller Joseph Smouha, with broker representation provided by Marc D. Smouha from CorePoint RE. This transaction reflects the active involvement of experienced professionals in the real estate market.
On the Map
$9,350,000
$135/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