Updated Oct 28, 2024
Faropoint Acquires Industrial Property In Delran For $1.6M
1803 Underwood Boulevard, Delran, New Jersey 08075, United States
$1,600,000
$90/SF
Building Size
17,600 SF
Asset Type
Industrial
Closing
Jul 21, 2022
About this deal
AI
The industrial property located at 1803 Underwood Blvd in Delran was recently sold. The property, with a total square footage of 17,600, was sold for a price of $1,600,000, resulting in a price per square foot of $91.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,600,000
- Buyer: Faropoint
- Seller: Frank Lawson - AMC Fire Protection
- Broker: Daniel Tropp - AEBOV Industrial Real Estate Brokerage
The buyer of the property was Faropoint, while the seller was Frank Lawson, representing AMC Fire Protection. The deal was facilitated by Daniel Tropp from AEBOV Industrial Real Estate Brokerage.
On the Map
$1,600,000
$90/SF
Industrial
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Delran 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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93