MT Freehold BPD LLC Acquires 15.27 Acre Industrial Property In Freehold For $15.2M
SOLD
$15,200,000
+ 3
New Jersey
See Similar DealsIndustrial104,427 SF
Sold 07/21/2022
SOLD
MT Freehold BPD LLC Acquires 15.27 Acre Industrial Property In Freehold For $15.2M
100 Business Park Dr, Freehold, NJ 07728
See Similar DealsIndustrial104,427 SF
Sold 07/21/2022
+ 3
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$145
Total Square Footage:104,427 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$810,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$54,002.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$72,055.75
Annual Debt Service$864,669.06
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