Alex Prozementer Acquires Industrial Property In Central New Jersey For $3.35M
265 Willow Brook Road
$3,350,000
$235/SF
Building Size
14,229 SF
Asset Type
Industrial
Closing
Nov 8, 2022
AI
265 Willow Brook Road Units 1-3, located in Central New Jersey, was recently sold in a closed transaction. The industrial property spans 14,229 square feet and was purchased for $3,350,000. The sale price per square foot was $235.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,350,000
- Square Footage: 14,229
- Address: 265 Willow Brook Road Units 1-3
- Market: Central New Jersey
The buyer, Alex Prozementer, acquired the property from Dawhud, LLC. Representing the buyer was Joel Dicker from Bennett Realty & Development, while Glenn Jaffe from KW Commercial acted as the seller's representative.
Players
Freehold 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
4.74%
Cash-on-Cash
-1.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93