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201 11th St Piscataway, NJ ...

Transcontinental Steel Acquires Industrial Property In Piscataway For $8.2M
SOLDIndustrial

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

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.

Players

Kyle Gerace

NAI Global

Broker

$48.9M

vol

5 deals

Broker

New Jersey Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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