Kingka Cabinet Acquires East Brunswick Industrial Property For $7.25M
SOLD
$7,250,000
New Jersey
See Similar DealsIndustrial32,000 SF
Sold 06/16/2023
SOLD
Kingka Cabinet Acquires East Brunswick Industrial Property For $7.25M
375 Old Bridge Turnpike East Brunswick, NJ 08816, USA
See Similar DealsIndustrial32,000 SF
Sold 06/16/2023
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$226
Total Square Footage:32,000 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$386,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,757.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,368.70
Annual Debt Service$412,424.39
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