Industrial Property At 7 Orben Drive In Ledgewood Sold For $6.5M By Jonathan Kristofich & John Schilp
SOLD
$6,500,000
New Jersey
See Similar DealsIndustrial75,000 SF
Sold 09/16/2024
SOLD
Industrial Property At 7 Orben Drive In Ledgewood Sold For $6.5M By Jonathan Kristofich & John Schilp
7 Orben Drive
See Similar DealsIndustrial75,000 SF
Sold 09/16/2024
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$86
Total Square Footage:75,000 SF
Transaction Type:Sale
This transaction involves an industrial asset located at 7 Orben Drive in the Ledgewood market. The property has a sale price of $6,500,000 and encompasses 75,000 square feet, equating to a price per square foot of $86.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $6,500,000
- Square Footage: 75,000
- Price Per Square Foot: $86
- Address: 7 Orben Drive
- Market: Ledgewood
- Brokers: Jonathan Kristofich & John Schilp - NAI James E. Hanson
Jonathan Kristofich and John Schilp represent the brokerage NAI James E. Hanson in this transaction, indicating their involvement in facilitating the sale of the property at 7 Orben Drive.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$346,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,093.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,813.32
Annual Debt Service$369,759.79
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