Updated Oct 29, 2024
MobileSTAR Acquires Industrial Property In Metuchen For $6.4M
230 Liberty Street, Metuchen, NJ, USA
$6,400,000
$154/SF
Building Size
41,500 SF
Asset Type
Industrial
Closing
Dec 9, 2020
About this deal
AI
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
Metuchen 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
2.48%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93