Updated Oct 28, 2024
Urbana Partners Acquires Industrial Property In Mahwah, NJ For $15.6M
800 Corporate Drive, Mahwah, NJ 07430
$15,600,000
$185/SF
Building Size
84,280 SF
Asset Type
Industrial
Closing
Aug 23, 2020
About this deal
AI
An industrial property located at 800 Corporate Drive in Mahwah, NJ has been sold for a total price of $15,600,000. The property spans a total area of 84,280 square feet, resulting in a price per square foot of $185. The sale was completed on August 23, 2021.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $15,600,000
- Address: 800 Corporate Drive, Mahwah, NJ
- Square Footage: 84,280
- Price per Square Foot: $185
- Market: Mahwah, NJ
Urbana Partners has acquired the property from AVR Realty. The deal was facilitated by the brokers Jeffrey Dunne, Jeremy Neuer, Steve Bardsley, David Gavin, Travis Langer, and Zach McHale from CBRE.
Players
Mahwah 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
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93