Updated Oct 28, 2024
Watson Land Co. Acquires Industrial Property On Huff Road In East Greenwich, NJ For $107.8M
100 Huff Lane, Mickleton, East Greenwich Township, NJ, USA
$107,800,000
$201/SF
Building Size
535,790 SF
Asset Type
Industrial
Closing
Aug 25, 2021
About this deal
AI
Watson Land Co., represented by Jeffrey Jennison, acquired an industrial property located at 100 Huff Road in East Greenwich, NJ. The property, spanning 535,790 square feet, was sold by Clayco and PCCP LLC for a total price of $107,800,000, translating to a price per square foot of $201. The transaction was facilitated by JLL.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Amount: $107,800,000
- Square Footage: 535,790
- Address: 100 Huff Road, East Greenwich, NJ
- Market: East Greenwich, NJ
The acquisition of the industrial property at 100 Huff Road was completed by Watson Land Co., with Jeffrey Jennison representing the buyer. Clayco and PCCP LLC served as the sellers in the transaction. JLL played a key role in facilitating the deal.
Mickleton 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
0.15%
Cash-on-Cash
-0.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93