Updated Oct 28, 2024
Criterion Group Acquires Industrial Property In Logan Twp For $1.17M
2337 Center Square Road, Logan Township, NJ 08085
$1,170,000
Building Size
—
Asset Type
Industrial
Closing
Jul 25, 2022
About this deal
AI
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.
On the Map
$1,170,000
Industrial
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Players
Logan Township 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
13.56%
Cash-on-Cash
-3.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93