Industrial Property In Hopewell Valley Sold For $3.3 Million With Daniel Lanni As The Broker
SOLD
$3,300,000
New Jersey
See Similar DealsIndustrial30,375 SF
Sold 11/13/2025
SOLD
Industrial Property In Hopewell Valley Sold For $3.3 Million With Daniel Lanni As The Broker
1613 Reed Road
See Similar DealsIndustrial30,375 SF
Sold 11/13/2025
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$108
Total Square Footage:30,375 SF
Transaction Type:Sale
The property asset involved in the transaction is an industrial space located at 1613 Reed Road in the Hopewell Valley Industrial Park, situated in the Pennington market. It has a total square footage of 30,375 and was sold for a price of $3,300,000, which equates to a price per square foot of $108.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,300,000
- Address: 1613 Reed Road - Hopewell Valley Industrial Park
- Market: Pennington
- Square Footage: 30,375
- Price per Square Foot: $108
Daniel Lanni from Kislak represented the seller in this transaction, playing a key role in facilitating the deal within the industrial sector.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$175,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,724.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,643.68
Annual Debt Service$187,724.20
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