Ridgecut Road Acquires Industrial Property On Wilton Avenue For $9.65M
SOLD
$9,650,000
New Jersey
See Similar DealsIndustrial
Sold
SOLD
Ridgecut Road Acquires Industrial Property On Wilton Avenue For $9.65M
201 Wilton Avenue
See Similar DealsIndustrial
Sold
Summary
NEW JERSEY
Asset Type:Industrial
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$514,666.68
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$34,284.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$45,745.92
Annual Debt Service$548,951.08
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