Updated Jun 11, 2026
Z Transportation Inc Acquires Casio America Headquarters In Dover From Legacy Real Estate Developers And Saddleback Real Estate Developers
570 Mount Pleasant Avenue
Building Size
126,108 SF
Asset Type
Mixed-use
Closing
Jun 10, 2026
About this deal
AI
The property asset involved in the transaction is located at 570 Mount Pleasant Avenue, Dover, NJ. It is a mixed-use asset spanning a total square footage of 126,108 across 22.8 acres. The site includes approximately 70,000 square feet designated for warehouse space and 60,000 square feet for office use, previously serving as the Casio America headquarters.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: Not specified
- Buyer: Trajce Ristovski - Z Transportation Inc
- Seller: Peter Feldman - Legacy Real Estate Developers; Salvatore Frassetto - Saddleback Real Estate Developers
- Buyer's Representative: Daniel Whitehead - Resource Realty
- Seller's Representative: Elli Klapper - CBRE
- Date of Transaction: 06/10/2026
- Market: Dover, NJ
A partnership led by Legacy Real Estate Developers sold the former Casio America headquarters to Z Transportation. The seller's group repositioned the asset for a transportation and logistics user within a period of less than nine months after acquiring it in October.
On the Map
Mixed-use
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Players
Mount Pleasant 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93