BST Coan LLC Acquires Industrial Property In Metuchen For $4.12M
1 Coan Place, Metuchen, New Jersey 08840, United States
$4,120,000
$135/SF
Building Size
30,519 SF
Asset Type
Industrial
Closing
Jun 20, 2022
AI
An industrial property measuring approximately 2 acres located at 1 Coan Place in Metuchen has been sold. The transaction took place on 06/21/2022.
Summary of transaction details
- Property Type: Industrial
- Market: Metuchen
- Acres: 2
The buyer of the property was BST Coan LLC, while the seller was J & E Associates. The transaction was facilitated by Tim Deluccia from the Deluccia Commercial Group, who represented the buyer.
The sale price for the property was $4,120,000. The total square footage of the industrial space is 30,519 square feet, resulting in a price per square foot of $135.
Metuchen 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
3.85%
Cash-on-Cash
-1.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93