Updated Oct 29, 2024
Touch Dynamic Acquires 36000 SF Property At 121 Corporate BLVD South Plainfield With Buyer's Rep Herb Zimmerman
121 Corporate BLVD, South Plainfield...
Building Size
36,000 SF
Asset Type
Industrial
Closing
Nov 20, 2023
About this deal
AI
The property asset involved in this transaction is located at 121 Corporate BLVD, South Plainfield. It encompasses a total area of 36,000 square feet within the South Plainfield market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: Not disclosed
- Address: 121 Corporate BLVD, South Plainfield
- Market: South Plainfield
- Buyer: Touch Dynamic
- Buyer's Representative: Herb Zimmerman - Bussel Realty Corp.
The transaction reflects the efforts of the buyer's representative, Herb Zimmerman from Bussel Realty Corp., who facilitated the deal for Touch Dynamic, ensuring a successful acquisition of the property.
Players
South Plainfield 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93