Brian & Ken Lee Acquire Industrial Property At 1902 Neptune Ave For $1.975M With Broker Christopher J. Calabrese
SOLD
$1,975,000
National
See Similar DealsIndustrial
Sold 10/18/2023
SOLD
Brian & Ken Lee Acquire Industrial Property At 1902 Neptune Ave For $1.975M With Broker Christopher J. Calabrese
1902 Neptune Ave
See Similar DealsIndustrial
Sold 10/18/2023
Summary
Asset Type:Industrial
Transaction Type:Sale
The property asset involved in this transaction is an industrial asset located at 1902 Neptune Ave. The purchase price was $1,975,000.00.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,975,000.00
- Sale Date: 10/18/2023
- Buyer: Brian & Ken Lee
- Broker: Christopher J. Calabrese (The CS Organization)
The key individuals involved in this deal include the buyers Brian and Ken Lee, who are acquiring the property through representation by broker Christopher J. Calabrese from The CS Organization.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$105,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,016.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,362.51
Annual Debt Service$112,350.09
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