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Green Brook Property LLC Acquires Industrial Property In Green Brook NJ For $3.05M
SOLD
New Jersey
See Similar DealsIndustrial11,607 SF
Sold 06/30/2025
SOLD
Green Brook Property LLC Acquires Industrial Property In Green Brook NJ For $3.05M
228 Us Route 22
See Similar DealsIndustrial11,607 SF
Sold 06/30/2025
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
BROKERAGE
Details
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Deal Type
30 years
10 years
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
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