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My Three Roses Sells Industrial Property In Green Brook For $2.23M

Property Image
SOLD
$2,230,000
Mindy Lissner
Mark Silverman
+ 2

New Jersey

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Industrial13,000 SF
Sold 01/08/2021
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Property Image
SOLD

My Three Roses Sells Industrial Property In Green Brook For $2.23M

29 King George Road, Green Brook Township, NJ, USA

See Similar Deals
Industrial13,000 SF
Sold 01/08/2021
Mindy Lissner
Mark Silverman
+ 2
Contact now

Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$171
Total Square Footage:13,000 SF
Transaction Type:Sale

A 13,000 square foot industrial property located at 29 King George Road in Green Brook has been sold for $2,230,000. The property was sold by My Three Roses. The sale was facilitated by Charles Berger, Elli Klapper, Mark Silverman, Mindy Lissner, and Bill Waxman from CBRE. The transaction represents a price per square foot of $172.

Summary of transation details

  • Property Type: Industrial
  • Transaction Amount: $2,230,000
  • Address: 29 King George Road
  • Market: Green Brook

The deal was spearheaded by the brokerage team at CBRE, including Charles Berger, Elli Klapper, Mark Silverman, Mindy Lissner, and Bill Waxman. They played a key role in facilitating the transaction between the seller, My Three Roses, and the buyer. The property offers 13,000 square feet of space and was sold at a price of $172 per square foot.

Players

Charles Berger
20 deals$217.7M volume(201) 712-5846
BROKER

Elli Klapper
CBRE
30 deals$439.5M volume(213) 613-3704
BROKER

Mark Silverman
CBRE
17 deals$248M volume
BROKER

Mindy Lissner
Cushman & Wakefield
14 deals$111.2M volume
BROKER

Bill Waxman
Cushman & Wakefield
11 deals$139.9M volume
BROKER

Details

SOLD
IMAGE: Charles Berger, Elli Klapper, Mark Silverman, Mindy Lissner, & Bill Waxman DATE: 01/08/2021 ADDRESS: 29 King George Road MARKET: Green Brook ASSET TYPE: Industrial SELLER: My Three Roses BROKERS: Charles Berger, Elli Klapper, Mark Silverman, Mindy Lissner, & Bill Waxman - CBRE PRICE: $2,230,000 SF: 13,000 ~ PPSF: $172

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$118,933.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,922.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,571.34
Annual Debt Service$126,856.05