Updated Oct 28, 2024
Fratelli Beretta Usa Inc Acquires Development Site In Budd Lake For $1.6M
650 International Dr, Budd Lake, NJ, USA
$1,600,000
$7/SF
Building Size
226,076 SF
Asset Type
Development Site
Closing
Mar 10, 2021
About this deal
AI
Fratelli Beretta Usa Inc has acquired a development site in Budd Lake for $1,600,000. The property is located at 650 International Dr.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $1,600,000
- Market: Budd Lake
The acquisition of the development site by Fratelli Beretta Usa Inc highlights their investment in the Budd Lake market. The deal was closed on 03/11/2021.
The development site sale at 650 International Dr, Budd Lake, NJ, USA in Budd Lake, New Jersey sold for $1.6M in 2021. The building is 226,076 square feet, implying about 7 per square foot on the published price. This page is the Budd Lake, New Jersey file for the 650 International Dr, Budd Lake, NJ, USA development site sold: pricing, party profiles, and other closed development site comps from the same Budd Lake sit in the Market section below. Filter that Budd Lake development site set by closing date to see what else sold near 650 International Dr, Budd Lake, NJ, USA around 2021. Published consideration for 650 International Dr, Budd Lake, NJ, USA is $1.6M, dated 2021. Cite this Fratelli Beretta Usa Inc Acquires Development Site In Budd Lake For $1.6M sale when underwriting similar development site product around Budd Lake, New Jersey.
Players
Budd Lake Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
Loading comparables…
Deal FAQ
Browse New Jersey development site sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93