Updated Oct 29, 2024
Dream On Me Inc. Acquires Industrial Property In Piscataway For $8.5M
250 Circle Drive North, Piscataway, NJ, USA
$8,500,000
$142/SF
Building Size
59,572 SF
Asset Type
Industrial
Closing
Mar 17, 2021
About this deal
AI
Dream On Me Inc. has acquired an industrial property located at 250 Circle Dr in Piscataway. The transaction took place on March 18, 2021. The property spans 59,572 square feet and was sold by Caterpillar at a price of $8,500,000, resulting in a price per square foot of $143.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $8,500,000
- Address: 250 Circle Dr, Piscataway
- Market: Piscataway
The deal was facilitated by Brian Fiumara, Mindy Lissner, and Chris Griffith, who represented Dream On Me Inc. as their brokers in the transaction.
On the Map
$8,500,000
$142/SF
Industrial
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Players
Piscataway 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
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93