MobileSTAR Acquires Industrial Property In Metuchen For $6.4M
SOLD
$6,400,000
New Jersey
See Similar DealsIndustrial41,500 SF
Sold 12/10/2020
SOLD
MobileSTAR Acquires Industrial Property In Metuchen For $6.4M
230 Liberty Street, Metuchen, NJ, USA
See Similar DealsIndustrial41,500 SF
Sold 12/10/2020
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$154
Total Square Footage:41,500 SF
Transaction Type:Sale
An industrial property located at 230 Liberty Street in Metuchen has been sold for $6,400,000. The property spans 41,500 square feet, resulting in a price per square foot of $154. The transaction took place on December 10, 2020.
Summary of Transaction Details
- Property Type: Industrial
- Transaction Amount: $6,400,000
- Address: 230 Liberty Street, Metuchen
- Market: Metuchen
The buyer of the property is MobileSTAR. The deal was facilitated by Jordan Metz, Eric Koons, and Wellern Yu from Bussel Realty Corp.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$341,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$22,737.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,339.27
Annual Debt Service$364,071.18
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