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

Property Image
SOLD
$8,300,000
Jordan Sobel
Andy Schwartz
+ 3

New Jersey

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Industrial40,700 SF
Sold 09/29/2023
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Property Image
SOLD

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

139 Stryker Lane

See Similar Deals
Industrial40,700 SF
Sold 09/29/2023
Jordan Sobel
Andy Schwartz
+ 3
Contact now

Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$203
Total Square Footage:40,700 SF
Transaction Type:Sale

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
43 deals$395.1M volume
BROKER

Andre Balthazard
Cushman & Wakefield
39 deals$351.5M volume
BROKER

Andy Schwartz
Cushman & Wakefield
4 deals$41.1M volume(973) 368-7088
BROKER

Daniel (Dan) Bottiglieri
Cushman & Wakefield
18 deals$152.2M volume(732) 439-1919
BROKER

Mark Zaziski
Cushman & Wakefield
8 deals$8.3M volume(201) 508-5276
BROKER

Patrick Decker
Cushman & Wakefield
8 deals$8.3M volume(201) 508-5229
BROKER

BUYER

Details

SOLD
IMAGE: Andrew Schwartz, Jordan Sobel, Andre Balthazard, Mark Zaziski, Patrick Decker & Dan Bottiglieri DATE: 09/29/2023 ADDRESS: 139 Stryker Lane MARKET: Hillsborough ASSET TYPE: Industrial ~ ACRES: 6 BUYER: SL Industrial Partners SELLER: RC Fine Foods BROKERS: Andrew Schwartz, Jordan Sobel (@JordanSobel), Andre Balthazard (@Andre_Not_3000), Mark Zaziski, Patrick Decker & Dan Bottiglieri (@DanBottiglieri) - Cushman & Wakefield (@CushWake) SALE PRICE: $8,300,000 SF: 40,700 ~ PPSF: $204 NOTE: A 40,700-square-foot industrial property in Hillsborough was sold for $8.3 million. Cushman & Wakefield facilitated the transaction, with the property, located at 139 Stryker Lane, fully leased by RC Fine Foods and offering stable investment potential in a desirable industrial area near key transportation routes.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$442,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$29,488.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$39,346.23
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