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94 98 Parkhurst Street

Russ Williams Sells Industrial Property At 94-98 Parkhurst Street Newark For $1M With Broker Ryan Cerqueira
SOLDIndustrial

Russ Williams Sells Industrial Property At 94-98 Parkhurst Street Newark For $1M With Broker Ryan Cerqueira

94 98 Parkhurst Street

$1,000,000

$160/SF

Building Size

6,250 SF

Asset Type

Industrial

Closing

Jul 16, 2025

AI

The property asset involved in this transaction is an industrial space located at 94-98 Parkhurst Street in Newark, which encompasses a total square footage of 6,250. The sale price for this transaction was set at $1,000,000, equating to a per square foot price of $160.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $1,000,000
  • Square Footage: 6,250
  • Price Per Square Foot: $160
  • Seller: Russ Williams
  • Broker: Ryan Cerqueira - The Quinas Companies
  • Date of Sale: 07/17/2025

This deal was facilitated by Ryan Cerqueira, who represents The Quinas Companies in this transaction. The seller of the property is Russ Williams, marking a significant event in the Newark industrial market.

Players

Ryan Cerqueira

The Quinas Companies

Broker

$36.4M

vol

13 deals

Broker
The Quinas Companies
The Quinas CompaniesBrokerage

Newark 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

15.86%

Cash-on-Cash

-4.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93