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
Newark 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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93