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1260 North Avenue, Plainfie...

Armor Poxy LLC Acquires Industrial Property In Plainfield For $2.35M
SOLDIndustrial

Armor Poxy LLC Acquires Industrial Property In Plainfield For $2.35M

1260 North Avenue, Plainfield, New Jersey 07062, United States

$2,350,000

$174/SF

Building Size

13,500 SF

Asset Type

Industrial

Closing

Dec 12, 2021

AI

Located in the market of Plainfield, the industrial property at 1242A-1260 North Ave has recently been sold. The transaction took place on 12/12/2021 and the property was acquired by Armor Poxy LLC at a sale price of $2,350,000. The property spans an area of 13,500 square feet, resulting in a price per square foot of $174.

Summary of transaction details:

In this transaction, Armor Poxy LLC acted as the buyer, while Turtle & Hughes was the seller. NAI DiLeo-Bram & Co., represented by Richard Goski and Catherine Goski, served as the buyer's representatives. On the other hand, KBC Advisors, represented by Jason Goldman and Michael Kimmel, acted as the seller's representatives.

Players

Richard Goski

NAI Global

Broker

$26.6M

vol

8 deals

Broker

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

6.75%

Cash-on-Cash

-1.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93