Martin Acuña Of Americasa Realty Represents Seller In $2M Industrial Sale In Kearny
SOLD
$2,000,000
New Jersey
See Similar DealsIndustrial9,900 SF
Sold 10/30/2024
SOLD
Martin Acuña Of Americasa Realty Represents Seller In $2M Industrial Sale In Kearny
62 2nd Avenue
See Similar DealsIndustrial9,900 SF
Sold 10/30/2024
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$202
Total Square Footage:9,900 SF
Transaction Type:Sale
This industrial asset, located at 62 2nd Avenue in Kearny, was sold for $2,000,000. The property encompasses a total square footage of 9,900, translating to a price per square foot of $202.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,000,000
- Square Footage: 9,900
- Price per Square Foot: $202
- Address: 62 2nd Avenue
- Market: Kearny
- Broker: Martin Acuña - Americasa Realty
- Date of Sale: 10/30/2024
Martin Acuña represented the transaction as the broker, affiliated with Americasa Realty, managing the sale process for the involved parties.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$106,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24
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