Updated Apr 3, 2025
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
About this deal
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.
The industrial sale at 3070 U.S. 22, Branchburg, NJ, USA in Branchburg, New Jersey sold for $21.4M in 2021. The building is 216,162 square feet, implying about 99 per square foot on the published price. Marc Duval, Jordan Avanzato, Jose Cruz, JLL appear on the sale alongside JLL. This page is the Branchburg, New Jersey file for the 3070 U.S. 22, Branchburg, NJ, USA industrial sold: pricing, party profiles, and other closed industrial comps from the same Branchburg sit in the Market section below. Filter that Branchburg industrial set by closing date to see what else sold near 3070 U.S. 22, Branchburg, NJ, USA around 2021. Published consideration for 3070 U.S. 22, Branchburg, NJ, USA is $21.4M, dated 2021. Cite this Exeter Acquires Industrial Property In Branchburg, NJ For $21.4M sale when underwriting similar industrial product around Branchburg, New Jersey.
On the Map
$21,400,000
$99/SF
Industrial
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Players
Branchburg 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
0.74%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93