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Green Brook Property LLC Acquires Industrial Property In Green Brook NJ For $3.05M

Property Image
SOLD
$3,050,000

New Jersey

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Industrial11,607 SF
Sold 06/30/2025
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Property Image
SOLD

Green Brook Property LLC Acquires Industrial Property In Green Brook NJ For $3.05M

228 Us Route 22

See Similar Deals
Industrial11,607 SF
Sold 06/30/2025
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Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$262
Total Square Footage:11,607 SF
Transaction Type:Sale

The transaction involved an industrial property located at 228 Us Route 22 in Green Brook, NJ, encompassing 11,607 square feet on 5.5 acres. The sale price for the property was $3,050,000, resulting in a price per square foot of $263.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $3,050,000
  • Buyer: Green Brook Property LLC
  • Seller: Patrick Murray - RSW Auto Group
  • Broker Representatives: Mark Gjonbalaj, Alan Cafiero, and Giacomo Fiorenza - Marcus & Millichap
  • Lease Type: 15-year absolute triple-net lease
  • Tenant: RSW Auto Group

Mark Gjonbalaj, Alan Cafiero, and Giacomo Fiorenza from Marcus & Millichap facilitated the sale-leaseback transaction, representing RSW Auto Group as the seller while securing Green Brook Property LLC as the buyer.

Players

Mark Gjonbalaj
8 deals$69.8M volume(201) 742-6136
BROKER

Alan Cafiero
Marcus & Millichap
100 deals$763.8M volume(201) 240-7367
BROKER

Giacomo Fiorenza
Marcus & Millichap
2 deals$14.2M volume
BROKER

Marcus & Millichap
BROKERAGE

Details

SOLD
IMAGE: Mark Gjonbalaj, Alan Cafiero & Giacomo Fiorenza DATE: 06/30/2025 ADDRESS: 228 Us Route 22 MARKET: Green Brook ASSET TYPE: Industrial ~ ACRES: 5.5 BUYER: Green Brook Property LLC SELLER: Patrick Murray - RSW Auto Group (@RSWAuto) BROKERS: Mark Gjonbalaj (@MarkGjonbalaj), Alan Cafiero (@Hoxrule3) & Giacomo Fiorenza - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $3,050,000 SF: 11,607 ~ PPSF: $263 NOTE: Marcus & Millichap arranged the $3.05M sale-leaseback of a 11,607 SF industrial property at 228 Route 22 in Green Brook, NJ, with RSW Auto Group remaining as tenant under a new 15-year absolute triple-net lease. The all-cash deal was marketed by Mark Gjonbalaj, Alan Cafiero, and Giacomo Fiorenza, who represented seller RSW Auto Group and secured buyer Green Brook Property LLC.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$162,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,836.00
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,458.56
Annual Debt Service$173,502.67