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250 Circle Drive North, Pis...

Dream On Me Inc. Acquires Industrial Property In Piscataway For $8.5M
SOLDIndustrial

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

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.

Players

Brian Fiumara

CBRE

Broker

$1.6B

vol

24 deals

Broker

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