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:
- Property Type: Industrial
- Transaction Amount: $2,350,000
- Address: 1242A-1260 North Ave
- Market: Plainfield
- Buyer: Armor Poxy LLC
- Seller: Turtle & Hughes
- Buyer's Rep: Richard Goski & Catherine Goski - NAI DiLeo-Bram & Co.
- Seller's Rep: Jason Goldman & Michael Kimmel - KBC Advisors
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
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