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22 Kinderkamack Road

Adam Dayson Of Dayson’s Home Improvements Acquires Mixed-Use Building In Oradell For $827,500
SOLDMixed-use

Adam Dayson Of Dayson’s Home Improvements Acquires Mixed-Use Building In Oradell For $827,500

22 Kinderkamack Road

$827,500

$264/SF

Building Size

3,125 SF

Asset Type

Mixed-use

Closing

Jan 16, 2025

AI

A mixed-use building located at 22 Kinderkamack Road in Oradell was sold for $827,500. The property has a total square footage of 3,125, which includes a 1,875-square-foot warehouse and a 1,250-square-foot retail space. The retail space is currently leased to Nick and Van Nails.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $827,500
  • Square Footage: 3,125
  • Price per Square Foot: $265
  • Buyer: Adam Dayson - Dayson’s Home Improvements
  • Seller: Lee Squire
  • Buyer’s Representative: Christie’s International Real Estate
  • Seller’s Representative: Anthony Cassano & Dick Hecker - NAI James E. Hanson

In this transaction, Adam Dayson of Dayson’s Home Improvements acquired the property, intending to utilize the warehouse for his business operations. The seller, Lee Squire, was represented by brokers Anthony J. Cassano and Dick Hecker of NAI James E. Hanson, while Christie’s International Real Estate acted on behalf of the buyer.

Players

Dick Hecker

NAI James E. Hanson

Broker

$3M

vol

2 deals

Broker

Oradell Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

19.17%

Cash-on-Cash

-5.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93