Updated Oct 28, 2024
Lennar & U S Home Corporation Acquires Package Deal In Monmouth Junction, NJ For $3.65M
96 Davinci Drive, South Brunswick, New Jersey 08852, United States
$365,000,000
Building Size
—
Asset Type
—
Closing
Jan 10, 2022
About this deal
AI
A package deal consisting of multiple properties located at 6, 8, 10, 12, 14, 16, 17, 18, 19, 20, 21 Donatello CT & 1, 3, 5, 7, 9, 11 Michelangelo Dr & 68, 70, 72, 74, 76, 78, 80, 82, 84, 88, 96 Davinci Dr in Monmouth Junction, NJ, has recently been sold. The buyers, Lennar & U S Home Corporation, acquired these properties from the seller, Dallenbach Sand Co Inc, for a total purchase price of $3,650,000.00.
Summary of transaction details:
- Property Type: Package Deal
- Transaction Amount: $3,650,000.00
- Buyer: Lennar & U S Home Corporation
- Seller: Dallenbach Sand Co Inc
- Market: Monmouth Junction, NJ
Notable key individuals and companies involved in this deal include Lennar & U S Home Corporation as the buyers, and Dallenbach Sand Co Inc as the sellers.
Players
Monmouth Junction CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.04%
Cash-on-Cash
-0.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93