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
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