Updated Dec 20, 2023
Kuser Industrial Ownership Acquires Development Site In Hamilton For $29.6M
2555 Kuser Road, Hamilton Township, NJ, USA
$29,600,000
$42/SF
Building Size
704,801 SF
Asset Type
Development Site
Closing
Dec 23, 2020
About this deal
AI
A development site located at 2555 Kuser Road in Hamilton has been sold for a price of $29,600,000. The property spans over 16.18 acres and has a building square footage (BSF) of 704,801. The buyer of the site is Kuser Industrial Ownership represented by Robert Scannell and Doug Snyder. The seller of the property is Scannell Properties 391.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $29,600,000
- Address: 2555 Kuser Road
- Market: Hamilton
- Buyer: Kuser Industrial Ownership - Robert Scannell & Doug Snyder
- Seller: Scannell Properties 391
- BSF: 704,801
- Price Per BSF: $42
- Acres: 16.18
- Price Per Acre: $1,829,419
Robert Scannell and Doug Snyder, representing Kuser Industrial Ownership, played a key role in the acquisition of the development site located at 2555 Kuser Road in Hamilton. The sale of the property marks a significant transaction in the real estate market, showcasing the potential for development in the area.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.54%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93