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327 Maxim Rd Howell Townshi...

Asher Klein Acquires Industrial Property In Howell For $2.25M
SOLDIndustrial

Asher Klein Acquires Industrial Property In Howell For $2.25M

327 Maxim Rd Howell Township, NJ 07731, USA

$2,250,000

$163/SF

Building Size

13,800 SF

Asset Type

Industrial

Closing

Jul 24, 2023

AI

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

Robert Finnerty

Findor

Broker

$49.7M

vol

9 deals

Broker
Ripco
RipcoBrokerage

Howell 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

7.05%

Cash-on-Cash

-2.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93