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213 U.S. 46, Fairfield, NJ,...

Updated Oct 28, 2024

Public Storage Purchases Industrial Property On US Route 46 In Fairfield For $3.9M
SOLDIndustrial

Public Storage Purchases Industrial Property On US Route 46 In Fairfield For $3.9M

213 U.S. 46, Fairfield, NJ, USA

$3,900,000

$37/SF

Building Size

105,405 SF

Asset Type

Industrial

Closing

Jun 1, 2020

About this deal

AI

An industrial property located at 213 & 225 US Route 46 in Fairfield has recently been sold for a total of $3,900,000. The property spans 105,405 square feet and is situated on 5 acres of land. It was sold at a price per square foot of $37, with each acre valued at $780,000. The transaction took place on June 1, 2021.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $3,900,000
  • Square Footage: 105,405
  • Price Per Square Foot: $37
  • Acres: 5
  • Price Per Acre: $780,000
  • Address: 213 & 225 US Route 46, Fairfield
  • Market: Fairfield

The buyer of the property is Public Storage, while the seller is Pratt Street Capital. The deal was facilitated by brokers Marc Duval and Jordan Avanzato from JLL.

On the Map

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$3,900,000

$37/SF

Industrial

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Players

JB Bruno

JLL

Broker

$1.6B

vol

21 deals

Broker
PS
Public StorageBuyer
PC
Pratt Street CapitalSeller

Fairfield Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $37 per square foot on a published $3.9M for 105,405 square feet (2020).

Visit Marc Duval to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.07%

Cash-on-Cash

-1.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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