SOLDIndustrial
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
$5,350,000
Building Size
—
Asset Type
Industrial
Closing
Jan 30, 2022
AI
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.
Players
Wayne 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
2.97%
Cash-on-Cash
-0.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93