Kingka Cabinet Acquires East Brunswick Industrial Property For $7.25M
375 Old Bridge Turnpike East Brunswick, NJ 08816, USA
$7,250,000
$226/SF
Building Size
32,000 SF
Asset Type
Industrial
Closing
Jun 16, 2023
AI
The industrial property located at 375 Old Bridge Turnpike in East Brunswick has been sold in a transaction valued at $7,250,000. The property spans 32,000 square feet and was sold at a price of $227 per square foot.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $7,250,000
- Address: 375 Old Bridge Turnpike, East Brunswick
The buyer in this transaction is Kingka Cabinet, while the seller is Kings Cages. Representing the seller in the deal is Kyle Gerace from NAI DiLeo-Bram & Co.
Players
New Jersey 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
2.19%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93