facebook
Traded Co logo
Submit

EverWest Real Estate Investors Acquires Moonachie, NJ Industrial Portfolio For $65.9M

Property Image
SOLD
$65,875,000
Stephen Feinberg
Seth Zuidema
Kyle Schmidt
+ 2

New Jersey

See Similar Deals
Industrial190,032 SF
Sold 12/16/2021
the dealplayerscompscontact
Property Image
SOLD

EverWest Real Estate Investors Acquires Moonachie, NJ Industrial Portfolio For $65.9M

Moonachie, New Jersey, United States

See Similar Deals
Industrial190,032 SF
Sold 12/16/2021
Stephen Feinberg
Seth Zuidema
Kyle Schmidt
+ 2
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$346
Total Square Footage:190,032 SF
Transaction Type:Sale

EverWest Real Estate Investors has acquired an industrial portfolio in Moonachie, NJ for a sale price of $65,875,000. The property spans 190,032 square feet, resulting in a price per square foot of $347. The portfolio is located in a prime industrial market in Moonachie, NJ.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $65,875,000
  • Address: Industrial Portfolio, Moonachie, NJ
  • Market: Moonachie, NJ

The buyer, EverWest Real Estate Investors, was represented by Stephen Feinberg from Northeast Acquisitions. On the other side, the seller, Cushman & Wakefield, was represented by Gary Gabriel, Kyle Schmidt, David Bernhaut, and Seth Zuidema. Their expertise and negotiation skills played a pivotal role in facilitating the successful transaction.

Players

David Bernhaut
Cushman & Wakefield
David Bernhaut
48 deals$4.2B volume
BROKER
Gary Gabriel
Cushman & Wakefield
Gary Gabriel
56 deals$4.5B volume
BROKER
Kyle Schmidt
Cushman & Wakefield
Kyle Schmidt
26 deals$1.3B volume
BROKER
Seth Zuidema
Cushman & Wakefield
Seth Zuidema
14 deals$906.9M volume
BROKER
Stephen Feinberg
Stephen Feinberg
6 deals$255.7M volume(732) 586-5897
BROKER
EverWest Real Estate Investors
EverWest Real Estate Investors
BUYER

Details

SOLD
IMAGE: Gary Gabriel, Kyle Schmidt, David Bernhaut & Seth Zuidema DATE: 12/16/2021 ADDRESS: Industrial Portfolio MARKET: Moonachie, NJ ASSET TYPE: Industrial BUYER: EverWest Real Estate Investors BUYER'S REP: Stephen Feinberg - Northeast Acquisitions SELLER'S REP: Gary Gabriel, Kyle Schmidt, David Bernhaut & Seth Zuidema - Cushman & Wakefield SALE PRICE: $65,875,000 SF: 190,032 ~ PPSF: $347

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$3,513,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$234,039.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$312,281.11
Annual Debt Service$3,747,373.29