Updated Oct 28, 2024
Educational Testing Service Sells Ewing Office & Industrial Property For $18.7M
225 Phillips Boulevard, Ewing Township, New Jersey 08618, United States
$18,700,000
$60/SF
Building Size
310,000 SF
Asset Type
Industrial
Closing
Jan 10, 2022
About this deal
AI
The property involved in this closed transaction is an Office & Industrial asset located at 225 Phillips Blvd in Ewing, NJ. The property spans a total area of 310,000 square feet and was sold for a price of $18,700,000, resulting in a price per square foot of $60.
Summary of transaction details:
- Property Type: Office & Industrial
- Transaction Amount: $18,700,000
- Address: 225 Phillips Blvd, Ewing, NJ
- Market: Ewing, NJ
The property was sold by the seller, Educational Testing Service (ETS). The sale was facilitated by a team of brokers from CBRE, including Jeffrey Dunne, Jeremy Neuer, Steve Bardsley, David Gavin, Rich Gatto, Fahri Ozturk, Travis Langer, Zach McHale, Matthew Saker, and Alec Monaghan.
On the Map
$18,700,000
$60/SF
Industrial
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Players
Trenton 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
0.85%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93