facebook

traded

+ Submit
Home

/

Deals

/

National

/

Industrial

/

Sale

/

265 Willow Brook Road

Alex Prozementer Acquires Industrial Property In Central New Jersey For $3.35M
SOLDIndustrial

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

Glenn Jaffe

Keller Williams Realty

Broker

$15.3M

vol

7 deals

Broker

Freehold 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

4.74%

Cash-on-Cash

-1.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93