Carly Kilroy Of Curran Commercial Represents Buyer In Sale Of Development Site For $4.03M
25 Abeel Road
$4,032,000
$27/SF
Building Size
145,490 SF
Asset Type
Development Site
Closing
Jul 19, 2025
AI
This development site located at 25 Abeel Road in Monroe Township was sold for a price of $4,032,000. The building square footage totals 145,490, with a buildable square footage of 38,400, resulting in a price per buildable square foot of $105 and a price per square foot of $27.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $4,032,000
- Address: 25 Abeel Road
- Market: Monroe Township
- Building Square Footage: 145,490
- Buildable Square Footage: 38,400
- Price per Buildable Square Foot: $105
- Price per Square Foot: $27
Carly Kilroy from Curran Commercial represented the buyer in this transaction. The construction of the project will be managed by REDCOM Design & Construction, LLC.
Players
Monroe Township Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.93%
Cash-on-Cash
-1.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93