Updated Dec 4, 2024
WBC Industries Inc. Acquires Retail Asset In Clark For $3.6M
51 Terminal Ave, Clark, NJ, 07066
$3,600,000
$120/SF
Building Size
30,000 SF
Asset Type
Retail
Closing
Nov 22, 2023
About this deal
AI
A 30,000-square-foot Retail property located at 51 Terminal Ave in Clark, NJ, 07066, was sold for $3,600,000.00. The property, sold to WBC Industries Inc., is situated in the Clark market and offers quick access to Garden State Parkway Exit 135.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,600,000.00
- Buyer: WBC Industries Inc.
- Buyer's Representative: Thomas Kirczow(NAI Capital)
- Seller: Denholtz Associates
- Square Footage: 30,000
- Market: Clark
Thomas Kirczow of NAI Capital represented WBC Industries Inc. as the buyer's representative in the transaction. David Zimmel, the CEO of Zimmel Associates, represented the seller, Denholtz Associates. The property was described as a freestanding building with high demand in the market due to its prime location, offering convenient access to major roadways.
Players
Clark Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit NAI Global to view all their deals.
Browse New Jersey retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93