Updated Oct 28, 2024
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
About this deal
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.
The industrial sale at 28 Howard Street, Piscataway, NJ, USA in Piscataway, New Jersey sold for $10.5M in 2021. The building is 1,132,560 square feet, implying about 9 per square foot on the published price. Christopher "Chris" Galiano, NAI Global appear on the sale alongside NAI Global. This page is the Piscataway, New Jersey file for the 28 Howard Street, Piscataway, NJ, USA industrial sold: pricing, party profiles, and other closed industrial comps from the same Piscataway sit in the Market section below. Filter that Piscataway industrial set by closing date to see what else sold near 28 Howard Street, Piscataway, NJ, USA around 2021. Published consideration for 28 Howard Street, Piscataway, NJ, USA is $10.5M, dated 2021. Cite this Contract Leasing Corp. Acquires 26 Acres Industrial Property In Piscataway For $10.5M sale when underwriting similar industrial product around Piscataway, New Jersey.
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
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93