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
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
8.03%
Cash-on-Cash
-2.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93