My Three Roses Sells Industrial Property In Green Brook For $2.23M
29 King George Road, Green Brook Township, NJ, USA
$2,230,000
$171/SF
Building Size
13,000 SF
Asset Type
Industrial
Closing
Jan 7, 2021
AI
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
Warren 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
7.11%
Cash-on-Cash
-2.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93