SOLDIndustrial
Contract Leasing Corp. Acquires 26 Acres Industrial Property In Piscataway For $10.5M
28 Howard Street, Piscataway, NJ, USA
$10,500,000
$9/SF
Building Size
1,132,560 SF
Asset Type
Industrial
Closing
Oct 6, 2021
AI
Located at 28 Howard St. in Piscataway, this industrial property spans 26 acres. The property was recently sold on 10/06/2021.
Summary of transaction details
- Property Type: Industrial
- Sale Price: $10,500,000
- Address: 28 Howard St., Piscataway
- Market: Piscataway
- Square Footage: Not specified
Contract Leasing Corp. purchased this industrial property for a total of $10,500,000. The deal was facilitated by Chris Galiano from NAI DiLeo-Bram & Co.
Players
Piscataway 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
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93