SOLD
Jeremy Mariano Acquires Self Storage Facility In Middlesex, NJ For $1.1M
128 Lincoln Boulevard
15,000 SF
Sold 1 year ago
Summary
Sale
NEW JERSEY
15,000 sqft
A self-storage facility located at 128 Lincoln Blvd in Middlesex, NJ has recently been sold for $1,100,000. The property spans 15,000 square feet, resulting in a price per square foot of $73. The transaction took place on 11/03/2021 with a 9% capitalization rate. The seller, Tom Friendly, handed over the ownership to the buyer, Jeremy Mariano. Max Levinston of The Kislak Company, Inc represented both parties as the broker in this deal. At the time of closing, the facility boasted an impressive 99% occupancy rate.
Summary of transaction details
- Property Type: Self Storage
- Transaction Amount: $1,100,000
- Address: 128 Lincoln Blvd, Middlesex, NJ
- Square Footage: 15,000
- Price per Square Foot: $73
- Market: Middlesex, NJ
- Seller: Tom Friendly
- Buyer: Jeremy Mariano
- Broker: Max Levinston - The Kislak Company, Inc
- Capitalization Rate: 9%
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2
Agents
1
Agencies
1
Details
SOLD
IMAGE: Max Levinston
DATE: 11/03/2021
ADDRESS: 128 Lincoln Blvd
MARKET: Middlesex, NJ
ASSET TYPE: Self Storage
BUYER: Jeremy Mariano
SELLER: Tom Friendly
BROKER: Max Levinston - The Kislak Company, Inc
SALE PRICE: $1,100,000
SF: 15,000 ~ PPSF: $73
CAP RATE: 9%
NOTE: 99% occupancy at time of closing.View on map
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Address128 Lincoln Boulevard
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