Updated Oct 28, 2024
ACSS Group LLC Acquires Industrial Condo In South Plainfield For $4.55M
124 Sylvania Place, South Plainfield, New Jersey 07080, United States
$4,550,000
$158/SF
Building Size
28,800 SF
Asset Type
—
Closing
Oct 16, 2022
About this deal
AI
A industrial condo located at 124 Sylvania Place in South Plainfield, has been sold for a price of $4,550,000. The property spans across 28,800 square feet, resulting in a price per square foot of $158. The transaction took place on October 17, 2022.
Summary of transation details
- Property Type: Industrial Condo
- Transaction Amount: $4,550,000
- Address: 124 Sylvania Place, South Plainfield
- Market: South Plainfield
The buyer of the industrial condo was ACSS Group LLC, while the seller was Sylpan Inc. The deal was facilitated by Andy Schwartz, Jordan Sobel, and Andre Balthazard from Cushman & Wakefield.
Players
South Plainfield CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.49%
Cash-on-Cash
-1.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93