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29 King George Road, Green ...

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

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

Charles Berger

CBRE

Broker

$217.7M

vol

20 deals

Broker

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