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139 Stryker Lane

SL Industrial Partners Acquires Fully Leased Industrial Property In Hillsborough For $8.3M
SOLDIndustrial

SL Industrial Partners Acquires Fully Leased Industrial Property In Hillsborough For $8.3M

139 Stryker Lane

$8,300,000

$203/SF

Building Size

40,700 SF

Asset Type

Industrial

Closing

Sep 29, 2023

AI

A 40,700-square-foot industrial property located at 139 Stryker Lane in Hillsborough was sold for $8.3 million. The property, fully leased by RC Fine Foods, offers stable investment potential in a desirable industrial area near key transportation routes. This transaction was facilitated by Cushman & Wakefield.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $8,300,000
  • Address: 139 Stryker Lane
  • Market: Hillsborough
  • Acres: 6

Cushman & Wakefield, represented by brokers Andrew Schwartz, Jordan Sobel, Andre Balthazard, Mark Zaziski, Patrick Decker, and Dan Bottiglieri, played a pivotal role in the successful sale of the industrial property. The buyer, SL Industrial Partners, recognized the potential of the fully leased property, situated in a highly sought-after industrial area with convenient access to major transportation routes.

Players

Jordan Sobel

Cushman & Wakefield

Broker

$399.2M

vol

45 deals

Broker
SP
SL Industrial PartnersBuyer

Hillsborough 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

1.91%

Cash-on-Cash

-0.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93