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4 American Way, Spotswood, ...

LPBS Corp. Acquires Industrial Property In Spotswood For $9.2M
SOLDIndustrial

LPBS Corp. Acquires Industrial Property In Spotswood For $9.2M

4 American Way, Spotswood, NJ, USA

$9,200,000

$115/SF

Building Size

80,000 SF

Asset Type

Industrial

Closing

Feb 22, 2021

AI

An industrial property located at 4 American Way in Spotswood has been sold in a transaction. The property has a size of 80,000 square feet and is situated on 15 acres of land. The sale took place on February 23, 2021, and the property was purchased by LPBS Corp.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $9,200,000
  • Price Per Square Foot: $115
  • Total Acres: 15
  • Price Per Acre: $613,333
  • Market: Spotswood

Jordan Metz, Eric Koons, and Weller Yu from Bussel Realty Corp. represented LPBS Corp. as the brokers in this transaction.

This sale showcases the successful collaboration between LPBS Corp. and the brokerage team consisting of Jordan Metz, Eric Koons, and Weller Yu from Bussel Realty Corp.

Players

Jordan Metz

Bussel Realty

Broker

$140.7M

vol

38 deals

Broker

Spotswood 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

1.72%

Cash-on-Cash

-0.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93