Updated Oct 28, 2024
Fusion LLC Sells Industrial Property In Somerset, NJ For $8.3M
15 Worlds Fair Drive, Franklin, New Jersey 08873, United States
$8,300,000
$148/SF
Building Size
55,800 SF
Asset Type
Industrial
Closing
Jan 20, 2022
About this deal
AI
Located at 15 Worlds Fair Drive in Somerset, NJ, this industrial property was recently sold. The transaction took place on 01/21/2022, with Fusion LLC as the seller. The property spans 55,800 square feet and was sold for a price of $8,300,000, resulting in a price per square foot of $149.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $8,300,000
- Address: 15 Worlds Fair Drive, Somerset, NJ
- Market: Somerset, NJ
Leading the deal were Shawn Straka and Joseph Ratner from Cushman & Wakefield, serving as the brokers for the transaction.
Players
Somerset 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
1.91%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93