Dino Tomassetti Jr. Sells Industrial Asset At 81 International Drive Budd Lake For $29.1M
81 International Drive
$29,100,000
$220/SF
Building Size
132,000 SF
Asset Type
Industrial
Closing
Aug 21, 2024
AI
The property asset involved in this transaction is located at 81 International Drive, Budd Lake. The sale price was $29,100,000 for an industrial asset encompassing 132,000 square feet, resulting in a price per square foot of $220.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $29,100,000
- Address: 81 International Drive
- Market: Budd Lake
- Square Footage: 132,000
- Price Per Square Foot: $220
- Seller: Dino Tomassetti Jr.
- Broker Representatives: Josh Chesner & Burry Klein - Branch Industrial
The deal involved broker representatives Josh Chesner and Burry Klein from Branch Industrial, who facilitated the transaction on behalf of seller Dino Tomassetti Jr.
Players
Budd Lake 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
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93