Sheldon Gross Realty Represents Sale Of Manalapan Industrial Property For $4.96M
SOLD
$4,960,000
New Jersey
See Similar DealsIndustrial12,500 SF
Sold 10/12/2021
SOLD
Sheldon Gross Realty Represents Sale Of Manalapan Industrial Property For $4.96M
225 County Road 522, Manalapan Township, NJ, USA
See Similar DealsIndustrial12,500 SF
Sold 10/12/2021
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$396
Total Square Footage:12,500 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$264,533.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,621.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,512.93
Annual Debt Service$282,155.17
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