Updated Dec 22, 2023
Sheldon Gross Realty Represents Sale Of Manalapan Industrial Property For $4.96M
225 County Road 522, Manalapan Township, NJ, USA
$4,960,000
$396/SF
Building Size
12,500 SF
Asset Type
Industrial
Closing
Oct 12, 2021
About this deal
AI
The industrial property located at 225 County Road 522 in Manalapan has been sold for a total price of $4,960,000. The sale was facilitated by Matthew Leonelli of Sheldon Gross Realty.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $4,960,000
- Date: 10/12/2021
- Address: 225 County Road 522
- Market: Manalapan
Matthew Leonelli from Sheldon Gross Realty played a crucial role as the broker in this transaction.
The industrial sale at 225 County Road 522, Manalapan Township, NJ, USA in Englishtown, New Jersey sold for $5M in 2021. The building is 12,500 square feet, implying about 396 per square foot on the published price. Named participants on the 225 County Road 522, Manalapan Township, NJ, USA sale are Matthew Leonelli. This page is the Englishtown, New Jersey file for the 225 County Road 522, Manalapan Township, NJ, USA industrial sold: pricing, party profiles, and other closed industrial comps from the same Englishtown sit in the Market section below. Filter that Englishtown industrial set by closing date to see what else sold near 225 County Road 522, Manalapan Township, NJ, USA around 2021. Published consideration for 225 County Road 522, Manalapan Township, NJ, USA is $5M, dated 2021. Cite this Sheldon Gross Realty Represents Sale Of Manalapan Industrial Property For $4.96M sale when underwriting similar industrial product around Englishtown, New Jersey.
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Englishtown 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
3.20%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93