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100 Jefferson Road

SOLDIndustrial

Jack Zalta Of KSR Brokers Sells Parsippany, NJ Industrial Property For $115.5M

100 Jefferson Road

$115,500,000

$208/SF

Building Size

553,436 SF

Asset Type

Industrial

Closing

Mar 9, 2023

AI

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.

Players

Jack Zalta

Kassin Sabbagh Realty

Broker

$184.4M

vol

24 deals

Broker

Market Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.14%

Cash-on-Cash

-0.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93