J. Michael O'brien Acquires Industrial Property In Piscataway For $9M
141 Ethel Rd W, Piscataway, NJ, USA
$9,000,000
$275/SF
Building Size
32,629 SF
Asset Type
Industrial
Closing
Apr 1, 2021
AI
The industrial property located at 141 Ethel Rd W in Piscataway has been sold in a recent transaction. The property spans a total of 32,629 square feet and was purchased for a price of $9,000,000. This equates to a price per square foot of $276.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $9,000,000
- Address: 141 Ethel Rd W, Piscataway
- Market: Piscataway
- Buyer: J. Michael O'brien
- Seller: Steven J. Denholtz
J. Michael O'brien served as the buyer in this transaction, while Steven J. Denholtz acted as the seller. The deal signifies a significant investment in the industrial market in Piscataway. This transaction highlights the ongoing activity and potential growth in the area.
Players
Piscataway 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
1.76%
Cash-on-Cash
-0.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93