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90 Coles Road

DW Cabinetry Acquires Industrial Property At 90 Coles Road Blackwood From Revel Nail For $9.7M
SOLDIndustrial

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

Jonathan Klear

NAI Global

Broker

$33.4M

vol

9 deals

Broker

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