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600 5th St, Belvidere, NJ, ...

Samia Holdings Acquires Property In Belvidere For $1.6 Million With Buyer’s Rep Ed Schein
SOLDWarehouse

Samia Holdings Acquires Property In Belvidere For $1.6 Million With Buyer’s Rep Ed Schein

600 5th St, Belvidere, NJ, 07823

$1,600,000

$10/SF

Building Size

160,000 SF

Asset Type

Warehouse

Closing

Nov 19, 2023

AI

Samia Holdings has acquired a warehouse located at 600 5th St, Belvidere, NJ, within the Belvidere market for $1,600,000. The property features a substantial area of 160,000 square feet situated on 9.5 acres, equipped with 10 exterior loading docks and ceiling heights ranging from 17 to 22 feet. The building is also noted for providing ample parking space and LED lighting.

Summary of transaction details:

  • Property Type: Warehouse
  • Transaction Amount: $1,600,000.00
  • Address: 600 5th St, Belvidere, NJ, 07823
  • Market: Belvidere
  • Buyer: Samia Holdings
  • Seller: Unknown
  • Buyer’s Representative: Ed Schein, Jeffrey Fulton - Team Resources
  • Seller’s Representative: Jeffrey Williams - Cushman & Wakefield
  • Square Footage: 160,000

Ed Schein and Jeffrey Fulton from Team Resources represented Samia Holdings in this transaction, while Jeffrey Williams of Cushman & Wakefield was the representative for the unknown seller. The location of the property provides Samia immediate access to highways for facilitating both incoming and outgoing freight.

Players

Ed Schein

Team Resources

Broker

$1.8M

vol

3 deals

Broker

Belvidere Warehouse Market Snapshot

Boundary boundary · Warehouse · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.91%

Cash-on-Cash

-2.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93