Updated Oct 29, 2024
Transcontinental Steel Acquires Industrial Property In Piscataway For $8.2M
201 11th St Piscataway, NJ 08854, USA
$8,200,000
$182/SF
Building Size
45,000 SF
Asset Type
Industrial
Closing
Jun 9, 2023
About this deal
AI
The industrial property located at 201 11th Street in Piscataway has been sold for a price of $8,200,000. The property spans over 45,000 square feet, resulting in a price per square foot of $182. The transaction took place on June 9, 2023.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $8,200,000
- Address: 201 11th Street, Piscataway
- Market: Piscataway
- Square footage: 45,000
- Price Per Square Foot: $182
The buyer of the property is Transcontinental Steel, while the seller is Binsky Snyder. The seller was represented by Kyle Gerace, Robert V. DiLeo, and Matthew DiLeo from NAI DiLeo-Bram & Co.
On the Map
$8,200,000
$182/SF
Industrial
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Players
New Jersey 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
1.93%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93