Greg Skaler Of Elion Partners Acquires Industrial Asset At 10 Normandy Drive For $73M
SOLD
New Jersey
See Similar DealsIndustrial241,200 SF
Sold 12/18/2025
SOLD
Greg Skaler Of Elion Partners Acquires Industrial Asset At 10 Normandy Drive For $73M
10 Normandy Drive
See Similar DealsIndustrial241,200 SF
Sold 12/18/2025
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$302
Total Square Footage:241,200 SF
Transaction Type:Sale
The property asset involved in the transaction is an industrial type located at 10 Normandy Drive in Piscataway. The sale price was $73,000,000, and the asset spans 241,200 square feet, resulting in a price per square foot of $302.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $73,000,000
- Address: 10 Normandy Drive
- Market: Piscataway
- Square Footage: 241,200
- Price Per Square Foot: $302
- Buyer: Greg Skaler - Elion Partners
- Seller: Heath Abramsohn - Rockefeller Group
- Brokers: Christopher Todd, Jordan Avanzato & William Ericksen - NAI James E. Hanson
The transaction was facilitated by the brokers Christopher Todd, Jordan Avanzato, and William Ericksen from NAI James E. Hanson, representing the buyer, Greg Skaler of Elion Partners, and the seller, Heath Abramsohn of Rockefeller Group.
Players
BROKERAGE
BUYER
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$3,893,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$259,353.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$346,057.24
Annual Debt Service$4,152,686.91
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