Transcontinental Steel Acquires Industrial Property In Piscataway For $8.2M
SOLD
$8,200,000
New Jersey
See Similar DealsIndustrial45,000 SF
Sold 06/09/2023
SOLD
Transcontinental Steel Acquires Industrial Property In Piscataway For $8.2M
201 11th St Piscataway, NJ 08854, USA
See Similar DealsIndustrial45,000 SF
Sold 06/09/2023
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$182
Total Square Footage:45,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$437,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,132.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$38,872.18
Annual Debt Service$466,466.20
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