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1613 Reed Road

Industrial Property In Hopewell Valley Sold For $3.3 Million With Daniel Lanni As The Broker
SOLDIndustrial

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

Daniel Lanni

Kislak

Broker

$182.6M

vol

36 deals

Broker

Pennington 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

4.81%

Cash-on-Cash

-1.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93