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292 3rd Street, Trenton, Ne...

Gabriel Brother Trading Acquires Industrial Property In Trenton, NJ For $5.6M
SOLDIndustrial

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

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.

Players

Jerry Fennelly

Fennelly Associates

Broker

$91.6M

vol

22 deals

Broker
NAI Global
NAI GlobalBrokerage
RL
Realty LLCSeller

Trenton Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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