Updated Oct 29, 2024
Lackawanna Woodland LLC Acquires Industrial Property In Woodland Park For $10.2M
86 Lackawanna Ave, Woodland Park, NJ, USA
$10,200,000
$72/SF
Building Size
140,548 SF
Asset Type
Industrial
Closing
Mar 2, 2021
About this deal
AI
On March 3, 2021, an industrial property located at 86 Lackawanna Ave. in Woodland Park was sold for a total of $10,200,000. The property spans across 140,548 square feet, resulting in a price per square foot of $73. The transaction involved Lackawanna Associates LLC as the seller and Lackawanna Woodland LLC as the buyer.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $10,200,000
- Address: 86 Lackawanna Ave.
- Market: Woodland Park
The sale of this industrial property was facilitated by Cushman & Wakefield, with Andrew Schwartz, David Bernhaut, Gary Gabriel, Kyle Schmidt, Frank DiTommaso, and Jordan Sobel representing both the buyer and the seller in the transaction.
Players
Woodland Park 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
1.56%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93