facebook
Traded Co logo
Submit
Daily limit: 0/10

Longpoint Partners Acquires Two Industrial Buildings In Piscataway For $19.4M

Property Image
SOLD
$19,400,000
Drew Maffey
Joe Komitor

New Jersey

See Similar Deals
Industrial202,908 SF
Sold 09/12/2025
the dealplayerscompscontact
Property Image
SOLD

Longpoint Partners Acquires Two Industrial Buildings In Piscataway For $19.4M

121 Ethel Road West & 131 Ethel Road West

See Similar Deals
Industrial202,908 SF
Sold 09/12/2025
Drew Maffey
Joe Komitor
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$95
Total Square Footage:202,908 SF
Transaction Type:Sale

Two fully leased industrial buildings, located at 121 & 131 Ethel Road West in Piscataway, are part of this transaction. They were acquired for a total sale price of $19,400,000, translating to approximately $191 per square foot, with an overall square footage of 101,454.

Summary of transation details:

Drew Maffey and Joseph Komitor represented Longpoint Partners in this off-market transaction, facilitating the purchase from a private investor who held the properties for 25 years.

Players

Joe Komitor
Lee & Associates
Joe Komitor
3 deals$20.9M volume
BROKER
Drew Maffey
Lee & Associates
Drew Maffey
7 deals$159.9M volume
BROKER
Lee & Associates
Lee & Associates
BROKERAGE
LP
Longpoint Partners
BUYER

Details

SOLD
IMAGE: Drew Maffey & Joe Komitor DATE: 09/12/2025 ADDRESS: 121 & 131 Ethel Road West MARKET: Piscataway ASSET TYPE: Industrial BUYER: Longpoint Partners (@LongpointPartners) BROKERS: Drew Maffey & Joe Komitor - Lee & Associates - WBE SALE PRICE: $19,400,000 SF: 101,454 ~ PPSF: $191 NOTE: Longpoint bought two fully leased industrial buildings in Piscataway, NJ, totaling 101,454 SF, for $19.4M from a private investor that held the properties for 25 years.Lee & Associates – WBE’s Drew Maffey and Joseph Komitor brokered the off-market deal on behalf of the buyer.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,034,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$68,924.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$91,965.90
Annual Debt Service$1,103,590.77