27 Ridge Road Industrial Property Sold In Whitehouse Station For $3.9M
SOLD
$3,900,000
New Jersey
See Similar DealsIndustrial44,300 SF
Sold 03/11/2021
SOLD
27 Ridge Road Industrial Property Sold In Whitehouse Station For $3.9M
27 Ridge Road, Whitehouse Station, NJ, USA
See Similar DealsIndustrial44,300 SF
Sold 03/11/2021
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$88
Total Square Footage:44,300 SF
Transaction Type:Sale
The industrial property located at 27 Ridge Road in Whitehouse Station has been sold for $3,900,000. The property spans across 44,300 square feet, resulting in a price per square foot of $88. The transaction took place on March 11, 2021, and was facilitated by Peter Wisniewski from Kislak Commercial Real Estate Services Inc.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,900,000
- Address: 27 Ridge Road, Whitehouse Station
- Market: Whitehouse Station
The buyer of the property is 27 Ridge Road LLC, while the seller is Palumbo Realty LLC, represented by Gary Palumbo. Peter Wisniewski from Kislak Commercial Real Estate Services Inc. acted as the broker in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$208,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,855.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,487.99
Annual Debt Service$221,855.88
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