Updated Oct 28, 2024
Gabriel Brother Trading Acquires Industrial Property In Trenton, NJ For $5.6M
292 3rd Street, Trenton, New Jersey 08611, United States
$5,600,000
$78/SF
Building Size
71,581 SF
Asset Type
Industrial
Closing
May 18, 2022
About this deal
AI
Located at 292 3rd St in Trenton, NJ, this industrial property spans 71,581 square feet. The transaction took place on 05/19/2022, with Gabriel Brother Trading as the buyer and Mary & Thomas Realty LLC as the seller. The property was sold for $5,600,000, resulting in a price per square foot of $78.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $5,600,000
- Buyer: Gabriel Brother Trading
- Seller: Mary & Thomas Realty LLC
- Seller's Representative: Gerard (Jerry) Fennelly & Matthew Fennelly - NAI Fennelly
- Market: Trenton, NJ
Gerard (Jerry) Fennelly & Matthew Fennelly from NAI Fennelly represented the seller in this transaction. This deal highlights the successful collaboration between Gabriel Brother Trading and Mary & Thomas Realty LLC, resulting in the sale of the industrial property located at 292 3rd St in Trenton, NJ.
On the Map
$5,600,000
$78/SF
Industrial
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Players
Trenton 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
2.83%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93