SOLDIndustrial
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
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.
Players
Englishtown Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
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