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350 North Frontage Road, Ro...

Commerce Park Investors Acquires Mixed-Use Property In Roxbury For $1.9M
SOLDIndustrial

Commerce Park Investors Acquires Mixed-Use Property In Roxbury For $1.9M

350 North Frontage Road, Roxbury Township, Landing, NJ, USA

$1,900,000

$117/SF

Building Size

16,200 SF

Asset Type

Industrial

Closing

Dec 20, 2020

AI

The mixed-use property located at 350 & 360 N. Frontage Road in Roxbury has been sold on 12/21/2020. The property, consisting of 34,870 square feet, was acquired by Commerce Park Investors LLC from Coherent Tios Inc for a price of $1,900,000, resulting in a price per square foot of $54.

Summary of transaction details

  • Property Type: Mixed-use
  • Transaction Amount: $1,900,000
  • Market: Roxbury
  • Seller: Coherent Tios Inc
  • Buyer: Commerce Park Investors LLC

The buyer's representative for this deal was James Costanzo from Charity Realty International, while the seller was represented by Jack Callahan from Colliers International.

Players

Kathy Anderson

Cushman & Wakefield

Broker

$937.3M

vol

56 deals

Broker
Progress Capital
Progress CapitalBrokerage
Manasquan Bank
Manasquan BankLender

Landing 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

8.35%

Cash-on-Cash

-2.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93