Jack Zalta Of KSR Brokers Sells Parsippany, NJ Industrial Property For $115.5M
SOLD
$115,500,000
New Jersey
See Similar DealsIndustrial553,436 SF
Sold 03/09/2023
SOLD
Jack Zalta Of KSR Brokers Sells Parsippany, NJ Industrial Property For $115.5M
100 Jefferson Road
See Similar DealsIndustrial553,436 SF
Sold 03/09/2023
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$208
Total Square Footage:553,436 SF
Transaction Type:Sale
The industrial property located at 100 Jefferson Road in Parsippany, NJ was recently sold in a closed transaction. The property spans 553,436 square feet and was sold for a total price of $115,500,000, resulting in a price per square foot of $209. The sale took place on 03/09/2023.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $115,500,000
- Square Footage: 553,436
- Price Per Square Foot: $209
- Address: 100 Jefferson Road, Parsippany, NJ
- Market: Parsippany, NJ
The sale of this industrial property was facilitated by Jack Zalta of KSR. He represented the interested parties in the transaction, ensuring a successful deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$6,160,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$410,347.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$547,528.93
Annual Debt Service$6,570,347.10
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