EverWest Real Estate Investors Acquires New Jersey Industrial Portfolio For $37.1M
SOLD
$37,100,000
New Jersey
See Similar DealsIndustrial117,000 SF
Sold 04/07/2022
SOLD
EverWest Real Estate Investors Acquires New Jersey Industrial Portfolio For $37.1M
New Jersey, United States
See Similar DealsIndustrial117,000 SF
Sold 04/07/2022
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$317
Total Square Footage:117,000 SF
Transaction Type:Sale
Located in New Jersey, the New Jersey Industrial Portfolio has recently been sold in a closed transaction. The industrial property spans approximately 117,000 square feet and is situated within the New Jersey market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $37,100,000
- Price per Square Foot: $317
EverWest Real Estate Investors, represented by John Maurer, acted as the buyer in this transaction. John Maurer, from EverWest Real Estate Investors, facilitated the deal on behalf of the buyer.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,978,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$131,808.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$175,872.93
Annual Debt Service$2,110,475.13
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