facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New Jersey

/

All

/

Sale

/

222 Bridgeton Pike, Mantua ...

Baranof Holdings Acquires Self-Storage Facility In Mantua, NJ For $14M
SOLD

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

Michael Mele

Cushman & Wakefield

Broker

$232.3M

vol

15 deals

Broker
BH
Baranof HoldingsBuyer
Mitchell Feldman

Mitchell Feldman

The Feldman Companies

Seller

$322.1M

vol

19 deals

Seller

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