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6 Ram Ridge Road

NE Capital Group Acquires Industrial Property In Rockland Co. For $19M
SOLDIndustrial

NE Capital Group Acquires Industrial Property In Rockland Co. For $19M

6 Ram Ridge Road

$19,000,000

$140/SF

Building Size

135,000 SF

Asset Type

Industrial

Closing

Nov 18, 2022

AI

An industrial property located at 6 Ram Ridge Road in Rockland Co. has been sold in a closed transaction. The property spans approximately 135,000 square feet and was sold for a total price of $19,000,000. The price per square foot of the property is $141.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $19,000,000
  • Address: 6 Ram Ridge Road
  • Market: Rockland Co.

The buyer of the property is NE Capital Group, while the seller is Endo Pharmaceuticals. The transaction was handled by brokers Marc Duval, Jordan Avanzato, and Nick Stefans from JLL.

Throughout the deal, Marc Duval, Jordan Avanzato, and Nick Stefans represented the buyer and seller as their brokers.

Players

Jordan Avanzato

NAI James E. Hanson

Broker

$2.5B

vol

52 deals

Broker

Spring Valley 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

0.83%

Cash-on-Cash

-0.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93