Newark Flooring Acquires Industrial Property From Dietz Family For $1.4M
SOLD
$1,400,000
New Jersey
See Similar DealsIndustrial10,000 SF
Sold 05/06/2024
SOLD
Newark Flooring Acquires Industrial Property From Dietz Family For $1.4M
152 Badger Avenue
See Similar DealsIndustrial10,000 SF
Sold 05/06/2024
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$140
Total Square Footage:10,000 SF
Transaction Type:Sale
The industrial property located at 152 Badger Avenue in Newark was recently sold for $1,400,000. Spanning 10,000 square feet, the property was sold at a price per square foot of $140. The transaction took place between the buyer, Newark Flooring, and the sellers, Aaron and Kyle Dietz of Dietz Family. The deal was facilitated by brokers Andrea Nestico and Yanni Marmarou from Investment Property Realty Group (IPRG).
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,400,000
- Market: Newark
- Buyer: Newark Flooring
- Seller: Aaron and Kyle Dietz - Dietz Family
Andrea Nestico and Yanni Marmarou, representing Investment Property Realty Group (IPRG), played crucial roles in overseeing the transaction, ensuring a successful deal for both the buyer and the sellers. Their expertise in the real estate market of Newark contributed to the smooth negotiation and finalization of the sale of the industrial property.
Players
Details
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
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$74,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,973.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,636.71
Annual Debt Service$79,640.57
Is there something missing? Send suggestions