DW Cabinetry Acquires Industrial Property At 90 Coles Road Blackwood From Revel Nail For $9.7M
90 Coles Road
$9,700,000
$83/SF
Building Size
115,681 SF
Asset Type
Industrial
Closing
Mar 27, 2025
AI
The transaction involves an industrial asset located at 90 Coles Road in the Blackwood market. The property was sold for $9,700,000, covering a total square footage of 115,681, which makes the price per square foot approximately $83.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $9,700,000
- Square Footage: 115,681
- Price per Square Foot: $83
- Buyer: DW Cabinetry
- Seller: Revel Nail
- Buyer's Representative: Jonathan Klear - NAI Global
- Seller's Representative: Mike Torsiello - Binswanger
The deal was facilitated by two representatives, with Jonathan Klear acting on behalf of the buyer, DW Cabinetry, and Mike Torsiello representing the seller, Revel Nail, ensuring that both parties were effectively represented during the transaction process.
Players
Blackwood 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
1.64%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93