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
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