Asher Klein Acquires Industrial Property In Howell For $2.25M
SOLD
$2,250,000
New Jersey
See Similar DealsIndustrial13,800 SF
Sold 07/24/2023
SOLD
Asher Klein Acquires Industrial Property In Howell For $2.25M
327 Maxim Rd Howell Township, NJ 07731, USA
See Similar DealsIndustrial13,800 SF
Sold 07/24/2023
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$163
Total Square Footage:13,800 SF
Transaction Type:Sale
Located at 327 Maxim Road in Howell, this industrial property has been sold in a transaction that took place on July 24, 2023. The property spans over 13,800 square feet and was sold for a price of $2,250,000, resulting in a price per square foot of $163.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $2,250,000
- Address: 327 Maxim Road, Howell
- Square Footage: 13,800
- Price per Square Foot: $163
The buyer of the property is Asher Klein, while the seller is Louie Chang. Representing the buyer in the deal was Robert Finnerty from RIPCO. The transaction was successfully facilitated by the broker, Robert Finnerty.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$120,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,993.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,666.15
Annual Debt Service$127,993.77
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