Updated Oct 28, 2024
BH S Plainfield SS LLC Acquires Industrial Property On Jersey St In South Plainfield For $4.06M
1500 Jersey St, South Plainfield, NJ, USA
$4,062,500
$121/SF
Building Size
33,377 SF
Asset Type
Industrial
Closing
Aug 19, 2021
About this deal
AI
The industrial property located at 1500 Jersey St in South Plainfield has been sold in a recent transaction. The sale price for this property was $4,062,500.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $4,062,500
- Address: 1500 Jersey St
- Market: South Plainfield
The buyer for this transaction is BH S Plainfield SS LLC, while the seller is Clarke Lawrence.
The industrial sale at 1500 Jersey St, South Plainfield, NJ, USA in South Plainfield, New Jersey sold for $4.1M in 2021. The building is 33,377 square feet, implying about 121 per square foot on the published price. This page is the South Plainfield, New Jersey file for the 1500 Jersey St, South Plainfield, NJ, USA industrial sold: pricing, party profiles, and other closed industrial comps from the same South Plainfield sit in the Market section below. Filter that South Plainfield industrial set by closing date to see what else sold near 1500 Jersey St, South Plainfield, NJ, USA around 2021. Published consideration for 1500 Jersey St, South Plainfield, NJ, USA is $4.1M, dated 2021. Cite this BH S Plainfield SS LLC Acquires Industrial Property On Jersey St In South Plainfield For $4.06M sale when underwriting similar industrial product around South Plainfield, New Jersey.
Players
South Plainfield 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
3.90%
Cash-on-Cash
-1.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93