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10 Twin Oaks Drive, Edison,...

Updated Dec 21, 2023

Stefani Werring Acquires 7.53 Acres Of Land In Harding Twp., NJ For $1.8M
SOLD

Stefani Werring Acquires 7.53 Acres Of Land In Harding Twp., NJ For $1.8M

10 Twin Oaks Drive, Edison, NJ, USA

$1,800,000

$853/SF

Building Size

2,110 SF

Asset Type

Closing

Jun 1, 2020

About this deal

AI

An approximately 7.53-acre land located at 10 Twin Oaks in Harding Twp., NJ was recently sold for $1,800,000. The sale was facilitated by Stefani Werring from Weichert, Realtors, representing the buyer, and Gerry Jo Cranmer from Turpin Real Estate, Inc, representing the seller. The sale price translates to a price per acre of $239,044.

Summary of transaction details:

  • Property Type: Land
  • Transaction Amount: $1,800,000
  • Address: 10 Twin Oaks, Harding Twp., NJ
  • Market: Harding Twp., NJ
  • Buyer's Rep: Stefani Werring - Weichert, Realtors
  • Seller's Rep: Gerry Jo Cranmer - Turpin Real Estate, Inc
  • Acres: 7.53
  • Price per Acre (PPA): $239,044

The buyer was represented in the deal by Stefani Werring from Weichert, Realtors, while Gerry Jo Cranmer from Turpin Real Estate, Inc acted as the seller's representative. The successful transaction highlights the involvement of key individuals and companies in the land sale.

Players

Stefani Werring

Weichert Realtors

Broker

$1.8M

vol

1 deal

Broker

Edison CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Deal FAQ

About $853 per square foot on a published $1.8M for 2,110 square feet (2020).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.81%

Cash-on-Cash

-2.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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