Industrial Property At 7 Orben Drive In Ledgewood Sold For $6.5M By Jonathan Kristofich & John Schilp
7 Orben Drive
$6,500,000
$86/SF
Building Size
75,000 SF
Asset Type
Industrial
Closing
Sep 16, 2024
AI
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.
Players
Ledgewood 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
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93