MT Freehold BPD LLC Acquires 15.27 Acre Industrial Property In Freehold For $15.2M
100 Business Park Dr, Freehold, NJ 07728
$15,200,000
$145/SF
Building Size
104,427 SF
Asset Type
Industrial
Closing
Jul 20, 2022
AI
The industrial property located at 1 Business Park Drive and 100 Business Park Drive in Freehold has been sold. Spanning over 15.27 acres, this property offers ample space for industrial activities. The transaction took place on 07/21/2022.
Summary of transaction details:
- Property Type: Industrial
- Sale Price: $15,200,000
- Square Footage: 104,427
- Price per Square Foot: $146
- Market: Freehold
MT Freehold BPD LLC acquired the property from Asbury Avenue Partners LLC. The deal was facilitated by the brokers Charles Berger, Elli Klapper, Mark Silverman, Jeremy Wernick, Lou Belfer, and Scott Belfer from CBRE.
Players
Freehold Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.04%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93