Updated Oct 29, 2024
Velocity Ventures Partners Sells Industrial Asset In West Berlin For $4.2M
436 Commerce Ln, West Berlin, Nj 08091, Usa
$2,700,000
$56/SF
Building Size
48,000 SF
Asset Type
Industrial
Closing
Sep 30, 2020
About this deal
AI
The industrial property located at 436 Commerce Lane in West Berlin has been sold in a recent transaction. The property spans 48,000 square feet and was sold for a price of $4,200,000, resulting in a price per square foot of $88. The sale was facilitated by brokers Ian Richman, Ross Abramsohn, and Marc Isdaner from Colliers International.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,200,000
- Square Footage: 48,000
- Address: 436 Commerce Lane, West Berlin
- Market: West Berlin
Velocity Ventures Partners acted as the seller in this transaction. The sale was facilitated by brokers Ian Richman, Ross Abramsohn, and Marc Isdaner from Colliers International.
On the Map
$2,700,000
$56/SF
Industrial
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Players
West Berlin Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93