Updated Oct 29, 2024
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
About this deal
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
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