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Katie Kurtz & Steven Denholtz Of Denholtz Properties Sell Mixed-Use Portfolio For $18M In Clark

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SOLD
$18,000,000

New Jersey

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Mixed-use73,573 SF
Sold 01/03/2025
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Property Image
SOLD

Katie Kurtz & Steven Denholtz Of Denholtz Properties Sell Mixed-Use Portfolio For $18M In Clark

225 Terminal Avenue

See Similar Deals
Mixed-use73,573 SF
Sold 01/03/2025
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:Mixed-use
Price Per Square Foot:$244
Total Square Footage:73,573 SF
Transaction Type:Sale

The transaction involves a mixed-use asset located at 33, 75, 89, 225, 301 & 315 Terminal Avenue in Clark. The total sale price for the properties was $18,000,000, and they encompass a total area of 73,573 square feet, resulting in a price per square foot of $245.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $18,000,000
  • Square Footage: 73,573
  • Price per Square Foot: $245
  • Address: 33, 75, 89, 225, 301 & 315 Terminal Avenue
  • Market: Clark
  • Seller: Katie Kurtz & Steven Denholtz - Denholtz Properties
  • Broker: David Zimmel - Zimmel Associates

Zimmel Associates facilitated the sale, managing the transaction on behalf of Denholtz Properties. This deal expands Denholtz's portfolio in the area to nine properties, which include a mix of industrial, office, and retail spaces such as a Dunkin' Donuts and a strip center, reflecting strategic investment decisions in the Clark market.

Players

David Zimmel
Zimmel Associates
David Zimmel
15 deals$181.4M volume
BROKER

Details

SOLD
IMAGE: Katie Kurtz, Steven Denholtz & David Zimmel DATE: 01/03/2025 ADDRESS: 33, 75, 89, 225, 301 & 315, Terminal Avenue MARKET: Clark ASSET TYPE: Mixed-use SELLER: Katie Kurtz & Steven Denholtz - Denholtz Properties (@DenholtzProperties) BROKER: David Zimmel - Zimmel Associates (@ZimmelAssociates) SALE PRICE: $18,000,000 SF: 73,573 ~ PPSF: $245 NOTE: Zimmel Associates closed an $18 million sale of six buildings totaling 73,573 square feet on Terminal Road in Clark to a long-term client, expanding their portfolio to nine properties in the area. The portfolio, which includes industrial, office, and retail spaces like a Dunkin' Donuts and strip center, highlights strong market performance and strategic investments by Denholtz Properties.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$63,950.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$85,329.18
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