Alex Prozementer Acquires Industrial Property In Central New Jersey For $3.35M
SOLD
$3,350,000
National
See Similar DealsIndustrial14,229 SF
Sold
SOLD
Alex Prozementer Acquires Industrial Property In Central New Jersey For $3.35M
265 Willow Brook Road
See Similar DealsIndustrial14,229 SF
Sold
Summary
Asset Type:Industrial
Price Per Square Foot:$235
Total Square Footage:14229 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$178,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,901.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,880.71
Annual Debt Service$190,568.51
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