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330 Talmadge Road, Edison, ...

Updated Oct 29, 2024

330 Talmadge LLC Acquires Industrial Property On Talmadge Road In Edison For $3.35M
SOLDIndustrial

330 Talmadge LLC Acquires Industrial Property On Talmadge Road In Edison For $3.35M

330 Talmadge Road, Edison, NJ, USA

$3,350,000

$148/SF

Building Size

22,500 SF

Asset Type

Industrial

Closing

Nov 24, 2020

About this deal

AI

An industrial property located at 330 Talmadge Road in Edison has been sold for $3,350,000. The property spans 22,500 square feet, resulting in a price per square foot of $149. The transaction took place on November 25, 2020.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $3,350,000
  • Address: 330 Talmadge Road
  • Market: Edison

The buyer of the property is 330 Talmadge LLC, while the seller is US Land Resources. The deal was facilitated by David Zimmel of Zimmel Associates.

Players

David Zimmel

Zimmel Associates

Broker

$181.4M

vol

15 deals

Broker

Edison Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $148 per square foot on a published $3.4M for 22,500 square feet (2020).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.74%

Cash-on-Cash

-1.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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