Updated May 19, 2026
ESSEX 371 Acquires Industrial Property At 371 Essex Road In Neptune For $4,900,000
371 Essex Road
$4,900,000
$157/SF
Building Size
31,024 SF
Asset Type
Industrial
Closing
Oct 31, 2022
About this deal
AI
The property asset involved in this transaction is located at 371 Essex Road in the Neptune market. This industrial asset spans 31,024 square feet and has a transaction price of $4,900,000.00. The seller of the property is Bethel Community Church International.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,900,000.00
- Address: 371 Essex Road
- Market: Neptune
- Square Footage: 31,024
- Buyer: Essex 371
- Seller: Bethel Community Church International
- Broker: Carly Kilroy (Curran Commercial)
This transaction features key individuals such as Carly Kilroy, who represents the deal through her agency, Curran Commercial. The buyer and seller, Essex 371 and Bethel Community Church International, were able to successfully complete the sale on 10/31/2022.
On the Map
$4,900,000
$157/SF
Industrial
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Players
Neptune 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
3.24%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93