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
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