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
Oradell Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
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