Updated Oct 28, 2024
Woodstown Mini Storage LLC Sells Self Storage In Pilesgrove For $2.5M With Buyer's Rep Matthew Junkin & Brian C. Hosey - Marcus & Millichap
231 East Lake Road, Pilesgrove Township, New Jersey 08098, United States
$2,500,000
$111/SF
Building Size
22,480 SF
Asset Type
—
Closing
Apr 6, 2022
About this deal
AI
231 East Lake Road in Pilesgrove has been sold for $2,500,000. This self-storage property spans 22,480 square feet, resulting in a price per square foot of $111. The seller of the property was Woodstown Mini Storage LLC.
Summary of transation details
- Property Type: Self Storage
- Transaction Amount: $2,500,000
- Address: 231 East Lake Road, Pilesgrove
- Market: Pilesgrove
This transaction was facilitated by Marcus & Millichap, represented by Matthew Junkin and Brian C. Hosey.
The commercial sale at 231 East Lake Road, Pilesgrove Township, New Jersey 08098, United States in Pilesgrove Township, New Jersey sold for $2.5M in 2022. The building is 22,480 square feet, implying about 111 per square foot on the published price. Matthew Junkin, Brian Hosey, Marcus & Millichap appear on the sale alongside Marcus & Millichap. This page is the Pilesgrove Township, New Jersey file for the 231 East Lake Road, Pilesgrove Township, New Jersey 08098, United States commercial sold: pricing, party profiles, and other closed commercial comps from the same Pilesgrove Township sit in the Market section below. Filter that Pilesgrove Township commercial set by closing date to see what else sold near 231 East Lake Road, Pilesgrove Township, New Jersey 08098, United States around 2022. Published consideration for 231 East Lake Road, Pilesgrove Township, New Jersey 08098, United States is $2.5M, dated 2022. Cite this Woodstown Mini Storage LLC Sells Self Storage In Pilesgrove For $2.5M With Buyer's Rep Matthew Junkin & Brian C. Hosey - Marcus & Millichap sale when underwriting similar commercial product around Pilesgrove Township, New Jersey.
Players
Pilesgrove Township 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93