SOLDIndustrial
Exeter Acquires Industrial Property In Branchburg, NJ For $21.4M
3070 U.S. 22, Branchburg, NJ, USA
$21,400,000
$99/SF
Building Size
216,162 SF
Asset Type
Industrial
Closing
Mar 4, 2021
AI
An industrial property located at 3070 Rt. 22 in Branchburg, NJ has been sold for $21,400,000. The property spans 214,388 square feet, resulting in a price per square foot of $100.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $21,400,000
- Address: 3070 Rt. 22, Branchburg, NJ
- Market: Branchburg, NJ
The buyer of the property was Exeter, while the seller was Merck. The deal was facilitated by Jose Cruz, Jordan Avanzato, and Marc Duval from JLL.
Players
Branchburg 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
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93