Updated Dec 19, 2023
Rachel Schmied Acquires South Plainfield, NJ Warehouse From Kevin Lui For $1.75M
3567 Kennedy Road, South Plainfield, New Jersey 07080, United States
$1,750,000
Building Size
—
Asset Type
Industrial
Closing
Apr 7, 2022
About this deal
AI
A warehouse located at 3567 Kennedy Rd in South Plainfield, NJ was recently sold for a price of $1,750,000. The property is a warehouse asset, suitable for commercial use. The transaction took place on 04/08/2022.
Summary of transaction details
- Property Type: Warehouse
- Transaction Amount: $1,750,000
- Address: 3567 Kennedy Rd, South Plainfield, NJ
- Market: South Plainfield, NJ
The buyer of the warehouse is Rachel Schmied, while the seller is Kevin Lui. Both parties successfully completed the transaction, with Rachel Schmied acquiring ownership of the warehouse from Kevin Lui. The deal was facilitated by their respective representatives.
Players
South Plainfield Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93