Federal Business Centers Inc Acquires Industrial Property In Edison For $36.8M
195-199 Raritan Center Pkwy, Edison, NJ, USA
$36,832,905
$312/SF
Building Size
117,899 SF
Asset Type
Industrial
Closing
Oct 13, 2021
AI
Located at 195-199 Raritan Ctr Pkwy in Edison, this industrial property was recently sold in a closed transaction. The property, with a sale date of 10/13/2021, was acquired by Federal Business Centers Inc from the seller, Rcp Holdings LLC. The property is situated in the Edison market, known for its strong industrial sector.
Summary of transaction details
- Property Type: Industrial
- Sale Price: $36,832,905
- Address: 195-199 Raritan Ctr Pkwy, Edison
- Market: Edison
Federal Business Centers Inc served as the buyer in this transaction, while Rcp Holdings LLC was the seller. The deal was successfully closed, marking a significant transaction in the Edison industrial market. The sale price of $36,832,905 reflects the value of the property and underscores the growth and development in the industrial sector.
Players
Edison 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
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93