Updated Feb 5, 2025
The Stro Cos Acquires Industrial Property On Clinton Road For $8.75M
140 Clinton Rd, Fairfield, NJ 07004, USA
$8,750,000
$112/SF
Building Size
77,983 SF
Asset Type
Industrial
Closing
Oct 29, 2020
About this deal
AI
The industrial property located at 140-142 Clinton Road in Fairfield was sold on October 30, 2020. The property spans 77,983 square feet and was sold for a total price of $8,750,000, resulting in a price per square foot of $112.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $8,750,000
- Address: 140-142 Clinton Road
- Market: Fairfield
- Square Footage: 77,983
- Price Per Square Foot: $112
The buyer of the property is The Stro Cos, and the deal was facilitated by Bob Nathin from Sheldon Gross Realty.
Players
Fairfield 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
1.81%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93