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570 Mount Pleasant Avenue

Z Transportation Inc Acquires Casio America Headquarters In Dover From Legacy Real Estate Developers And Saddleback Real Estate Developers
SOLDMixed-use

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

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.

Players

Elli Klapper

CBRE

Broker

$439.5M

vol

31 deals

Broker
LD
Legacy Real Estate DevelopersSeller

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