Updated Oct 28, 2024
St Ritas Estate LLC Acquires Industrial Property In South Plainfield For $5.44M
238 St Nicholas Ave, South Plainfield, NJ, USA
$5,440,000
$198/SF
Building Size
27,458 SF
Asset Type
Industrial
Closing
Mar 14, 2021
About this deal
AI
The industrial property located at 238 St Nicholas Ave in South Plainfield has been sold. The property spans 27,458 square feet and was sold for a price of $5,440,000, resulting in a price per square foot of $198.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,440,000
- Size: 27,458 square feet
- Price per Square Foot: $198
The buyer of the property is St Ritas Estate LLC.
The industrial sale at 238 St Nicholas Ave, South Plainfield, NJ, USA in South Plainfield, New Jersey sold for $5.4M in 2021. The building is 27,458 square feet, implying about 198 per square foot on the published price. This page is the South Plainfield, New Jersey file for the 238 St Nicholas Ave, South Plainfield, NJ, USA industrial sold: pricing, party profiles, and other closed industrial comps from the same South Plainfield sit in the Market section below. Filter that South Plainfield industrial set by closing date to see what else sold near 238 St Nicholas Ave, South Plainfield, NJ, USA around 2021. Published consideration for 238 St Nicholas Ave, South Plainfield, NJ, USA is $5.4M, dated 2021. Cite this St Ritas Estate LLC Acquires Industrial Property In South Plainfield For $5.44M sale when underwriting similar industrial product around South Plainfield, New Jersey.
Players
South Plainfield 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
2.92%
Cash-on-Cash
-0.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93