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745 Gotham Parkway

Seagis Property Group Acquires 31,472 SF Warehouse In Carlstadt From Private Owner
SOLDIndustrial

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

Tom Nuara

Resource Realty

Broker

1 deal

Broker
John Begier

John Begier

Seagis Property Group

Buyer

$519.9M

vol

9 deals

Buyer
Seagis Property Group
Seagis Property GroupBuyer

Carlstadt 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93