facebook
Traded Co logo
Submit

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

Property Image
SOLD
$2,350,000
Michael Kimmel
Jason Goldman
+ 1

New Jersey

See Similar Deals
Industrial13,500 SF
Sold 12/12/2021
the dealplayerscompscontact
Property Image
SOLD

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

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

See Similar Deals
Industrial13,500 SF
Sold 12/12/2021
Michael Kimmel
Jason Goldman
+ 1
Contact now

Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$174
Total Square Footage:13,500 SF
Transaction Type:Sale

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
8 deals$26.6M volume
BROKER

Catherine Goski
NAI Global
3 deals$9.6M volume
BROKER

Jason Goldman
KBC Advisors
3 deals$354.9M volume
BROKER

Michael Kimmel
KBC Advisors
1 deal$2.4M volume
BROKER

Details

SOLD
IMAGE: Richard Goski, Catherine Goski, Jason Goldman & Michael Kimmel DATE: 12/12/2021 ADDRESS: 1242A-1260 North Ave MARKET: Plainfield ASSET TYPE: Industrial 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 SALE PRICE: $2,350,000 SF: 13,500 ~ PPSF: $174

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)

$125,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,349.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,140.20
Annual Debt Service$133,682.39