Criterion Group Acquires Industrial Property In Logan Twp For $1.17M
SOLD
$1,170,000
New Jersey
See Similar DealsIndustrial
Sold 07/26/2022
SOLD
Criterion Group Acquires Industrial Property In Logan Twp For $1.17M
2337 Center Square Road, Logan Township, NJ 08085
See Similar DealsIndustrial
Sold 07/26/2022
Summary
NEW JERSEY
Asset Type:Industrial
Transaction Type:Sale
Criterion Group has acquired an industrial property located at 2337 Center Square Rd in Logan Twp. The property spans approximately 1.56 acres and was sold by Missa Bay, LLC. The transaction was facilitated by Patrick Lafferty II of Lee & Associates, who represented the seller.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,170,000
Patrick Lafferty II of Lee & Associates played a crucial role as the broker representing Missa Bay, LLC in the sale of the property to Criterion Group.
Players
BROKERAGE
BUYER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$62,400.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,156.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,546.40
Annual Debt Service$66,556.76
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