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2337 Center Square Road, Lo...

Criterion Group Acquires Industrial Property In Logan Twp For $1.17M
SOLDIndustrial

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

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.

Players

Patrick Lafferty

Compass

Broker

$17.7M

vol

2 deals

Broker
Lee & Associates
Lee & AssociatesBrokerage
Criterion Group
Criterion GroupBuyer

Logan Township Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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