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1902 Neptune Ave

Brian & Ken Lee Acquire Industrial Property At 1902 Neptune Ave For $1.975M With Broker Christopher J. Calabrese
SOLDIndustrial

Brian & Ken Lee Acquire Industrial Property At 1902 Neptune Ave For $1.975M With Broker Christopher J. Calabrese

1902 Neptune Ave

$1,975,000

Building Size

Asset Type

Industrial

Closing

Oct 18, 2023

AI

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.

Players

Christopher J. Calabrese

The CS Organization

Broker

$24.6M

vol

17 deals

Broker

Brian & Ken Lee

Buyer
Buyer

Market 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

8.03%

Cash-on-Cash

-2.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93