Baranof Holdings Acquires Self-Storage Facility In Mantua, NJ For $14M
222 Bridgeton Pike, Mantua Township, New Jersey 08051, United States
$14,000,000
$142/SF
Building Size
98,000 SF
Asset Type
—
Closing
Jan 18, 2022
AI
The self-storage property located at 222 Bridgeton Pike in Mantua, NJ has been sold. The transaction took place on 01/19/2022. The property spans approximately 98,000 square feet and is classified as a self-storage asset. The sale price for the property was $14,000,000, resulting in a price per square foot of $143.
Summary of transaction details:
- Property Type: Self-Storage
- Transaction Amount: $14,000,000
- Address: 222 Bridgeton Pike
- Market: Mantua, NJ
- Square Footage: 98,000
The buyer of the property is Baranof Holdings, while the seller is The Feldman Companies represented by Mitchell Feldman. The brokers involved in the deal are Michael Mele and Luke Elliott.
Players
Mantua CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93