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
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