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Open Industrial Purchases Industrial Asset From New Vernon Equities In Piscataway For $13.61M

Property Image
SOLD
$13,612,500
Joshua Noah Shmuel
Marc D. Smouha

New Jersey

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Industrial6,500 SF
Sold 12/01/2025
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Property Image
SOLD

Open Industrial Purchases Industrial Asset From New Vernon Equities In Piscataway For $13.61M

166 Baekeland Avenue

See Similar Deals
Industrial6,500 SF
Sold 12/01/2025
Joshua Noah Shmuel
Marc D. Smouha
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$2,094
Total Square Footage:6,500 SF
Transaction Type:Sale

The transaction involved a property located at 166 Baekeland Avenue, Piscataway, NJ. This industrial asset was sold for a price of $13,612,500. The total square footage of the property is 6,500, resulting in a price per square foot of $2,094.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $13,612,500
  • Address: 166 Baekeland Avenue
  • Market: Piscataway, NJ
  • Square Footage: 6,500
  • Price per Square Foot: $2,094
  • Buyer: Open Industrial
  • Seller: New Vernon Equities
  • Brokers: Marc D. Smouha & Joshua Noah Shmuel - CorePoint RE

This industrial outdoor storage transaction was facilitated by CorePoint RE, representing both the buyer and the seller. The deal was conducted off-market, showcasing the active engagement of CorePoint RE in property transactions nationwide.

Players

Joshua Noah Shmuel
Corepoint RE
Joshua Noah Shmuel
2 deals$17.6M volume(718) 869-9489
BROKER
Corepoint RE
Corepoint RE
BROKERAGE
NE
New Vernon Equities
SELLER

Details

SOLD
IMAGE: Joshua Noah Shmuel & Marc D. Smouha DATE: 12/2/2025 ADDRESS: 166 Baekeland Avenue MARKET: Piscataway, NJ ASSET TYPE: Industrial BUYER: Open Industrial SELLER: New Vernon Equities BROKERS: Marc D. Smouha (@Marc_Smouha) & Joshua Noah Shmuel (@JoshShmuel) - CorePoint RE SALE PRICE: $13,612,500 SF: 6,500 ~ PPSF: $2,094 NOTE FROM BROKER: We are excited to announce the closing of this Industrial Outdoor Storage transaction in New Jersey This was an off-market transaction facilitated by CorePoint RE. We're active nationwide, let's connect! E- [email protected] W- CorePointRE.com

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$726,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$48,362.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$64,530.19
Annual Debt Service$774,362.34