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
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.
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