Seagis Property Group Acquires 31,472 SF Warehouse In Carlstadt From Private Owner
745 Gotham Parkway
Building Size
31,472 SF
Asset Type
Industrial
Closing
Apr 29, 2025
AI
An industrial property located at 745 Gotham Parkway in Carlstadt, NJ has been acquired. The asset covers 31,472 square feet and sits on 1.5 acres within the Gotham Industrial Park. This transaction marks Seagis Property Group's third asset within this industrial park.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Square Footage: 31,472
- Address: 745 Gotham Parkway
- Market: Carlstadt
- Acres: 1.5
- Buyer: John Begier & Tyler Baker - Seagis Property Group
- Broker: Tom Nuara - Resource Realty
The acquisition contributes to Seagis Property Group's growing portfolio in New Jersey, increasing their total holdings in the state to over 6.3 million square feet. Tom Nuara from Resource Realty facilitated this deal for the buyer, indicating a significant move within the Meadowlands submarket.
Players
Carlstadt 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93