Xebec Acquires 10.69 Acre Industrial Property In East Brunswick, NJ For $10.7M
SOLD
$10,700,000
New Jersey
See Similar DealsIndustrial2,610 SF
Sold 11/07/2021
SOLD
Xebec Acquires 10.69 Acre Industrial Property In East Brunswick, NJ For $10.7M
15 Harts Lane, East Brunswick, NJ 08816
See Similar DealsIndustrial2,610 SF
Sold 11/07/2021
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$4,099
Total Square Footage:2,610 SF
Transaction Type:Sale
The industrial property located at 15 Harts Lane in East Brunswick, NJ has been sold in a recent transaction. This property spans over an area of 10.69 acres, making it a sizable asset in the market.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $10,700,000
- Date: 11/07/2021
The buyer in this transaction is Xebec, represented by Jay Soni & Justin Passaretti. The sale price for this industrial property was $10,700,000.
Note: No additional information regarding this transaction was provided.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$570,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$38,014.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$50,723.46
Annual Debt Service$608,681.51
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