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
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