The Klein Group LLC Acquires Property From Segal Development Associates For $28.7M In Wayne
57 Nj-23, Wayne, NJ, 07470
$28,700,000
$318/SF
Building Size
90,000 SF
Asset Type
Retail
Closing
Nov 20, 2023
AI
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.
Wayne Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93