Updated Oct 12, 2026
F.W. Webb Acquires Industrial Property From Faropoint For $6.4M In Somerdale, NJ
900 Kennedy Boulevard
$6,400,000
$145/SF
Building Size
44,055 SF
Asset Type
Industrial
Closing
Aug 1, 2025
About this deal
AI
An industrial building located at 900 Kennedy Boulevard in Somerdale, NJ was sold for a total of $6,400,000. The property encompasses 44,055 square feet, translating to a price per square foot of $145.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,400,000
- Buyer: Jeff Pope - F.W. Webb
- Seller: Adir Levitas - Faropoint
- Broker Representatives: Scott Mertz & Jonathan Klear - NAI Mertz
This transaction reflects the brokerage efforts of Scott Mertz and Jonathan Klear, who represented the buyer and seller, respectively. The deal highlights the activity within the industrial market in Somerdale, facilitating a successful exchange for both parties involved.
On the Map
$6,400,000
$145/SF
Industrial
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Players
Somerdale 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
2.48%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93