Industrial Property In Hopewell Valley Sold For $3.3 Million With Daniel Lanni As The Broker
1613 Reed Road
$3,300,000
$108/SF
Building Size
30,375 SF
Asset Type
Industrial
Closing
Nov 12, 2025
AI
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.
Players
Pennington Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93