Jason A Rubin Acquires Industrial Property In Wayne, NJ From David I Landsberger For $5.35M
SOLD
$5,350,000
New Jersey
See Similar DealsIndustrial
Sold 01/31/2022
SOLD
Jason A Rubin Acquires Industrial Property In Wayne, NJ From David I Landsberger For $5.35M
667 New Jersey Highway 23, Wayne, New Jersey 07470, United States
See Similar DealsIndustrial
Sold 01/31/2022
Summary
NEW JERSEY
Asset Type:Industrial
Transaction Type:Sale
The industrial property located at 667 Route 23 & 661 Route 23 in Wayne, NJ has been sold for a total price of $5,350,000. The transaction took place on January 31, 2022.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $5,350,000
Jason A Rubin was the buyer of the property, while David I Landsberger was the seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$285,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,007.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,361.73
Annual Debt Service$304,340.75
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