The Klein Group LLC Acquires Property From Segal Development Associates For $28.7M In Wayne
SOLD
$28,700,000
New Jersey
See Similar DealsRetail90,000 SF
SOLD
The Klein Group LLC Acquires Property From Segal Development Associates For $28.7M In Wayne
57 Nj-23, Wayne, NJ, 07470
See Similar DealsRetail90,000 SF
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$318
Total Square Footage:90,000 SF
Transaction Type:Sale
The property asset involved in the transaction is located at 57 Nj-23, Wayne, NJ, 07470. It was sold for $28,700,000.00 and encompasses a total square footage of 90,000 in the Wayne market.
Summary of transaction details:
- Property Type: Not specified
- Transaction Amount: $28,700,000.00
- Address: 57 Nj-23, Wayne, NJ, 07470
- Market: Wayne
- Seller: Segal Development Associates
- Buyer: The Klein Group LLC
- Seller's Representative: Greg Pine - Gebroe-Hammer Associates
The transaction features The Klein Group LLC as the buyer and Segal Development Associates as the seller, with Greg Pine of Gebroe-Hammer Associates representing the seller in this deal.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,530,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$101,965.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$136,052.64
Annual Debt Service$1,632,631.70
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