facebook

traded

+ Submit
Home

/

Deals

/

New Jersey

/

Industrial

/

Sale

/

371 Essex Road

ESSEX 371 Acquires Industrial Property At 371 Essex Road In Neptune For $4,900,000
SOLDIndustrial

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

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.

Players

Carly Kilroy

Curran Commercial

Broker

$69.8M

vol

7 deals

Broker

ESSEX 371

Buyer

$4.9M

vol

1 deal

Buyer

BETHEL COMMUNITY CHURCH INTERNATIONAL

Seller

$4.9M

vol

1 deal

Seller

Neptune Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

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