J. Michael O'brien Acquires Industrial Property In Piscataway For $9M
SOLD
$9,000,000
New Jersey
See Similar DealsIndustrial32,629 SF
Sold 04/02/2021
SOLD
J. Michael O'brien Acquires Industrial Property In Piscataway For $9M
141 Ethel Rd W, Piscataway, NJ, USA
See Similar DealsIndustrial32,629 SF
Sold 04/02/2021
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$275
Total Square Footage:32,629 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$480,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$31,975.10
Cash-on-Cash Return-1.27%
Monthly Debt Service$42,664.59
Annual Debt Service$511,975.10
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