Ridgecut Road Acquires Industrial Property On Wilton Avenue For $9.65M
201 Wilton Avenue
$9,650,000
Building Size
—
Asset Type
Industrial
Closing
Jun 18, 2024
AI
An industrial property located at 201 Wilton Avenue in Middlesex, NJ, was recently transacted for $9,650,000. The buyers of the property were Ridgecut Road represented by Scott & Eric Shalek, while the seller was Straight Edge Striping. The transaction was facilitated by brokers Isaac R. Setton, Bunny Escava, and Richard Ades from KSR.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $9,650,000
- Address: 201 Wilton Avenue
- Market: Middlesex, NJ
- Buyer: Ridgecut Road - Scott & Eric Shalek
- Seller: Straight Edge Striping
- Brokers: Isaac R. Setton, Bunny Escava & Richard Ades - KSR
The key individuals involved in this transaction include Isaac R. Setton, Eric Shalek, Scott Shalek, and Richard Ades. Isaac R. Setton, Bunny Escava, and Richard Ades from KSR served as the brokers representing the parties in this industrial property deal.
Players
Middlesex 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
1.64%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93