Updated Dec 21, 2023
Howard Stipe Acquires Industrial Property In Metuchen For $1.5M
4 Leonard St, Metuchen, NJ, USA
$1,500,000
$100/SF
Building Size
14,967 SF
Asset Type
Industrial
Closing
Jun 22, 2021
About this deal
AI
The industrial property located at 4 Leonard St in Metuchen has been sold in a recent transaction. The property spans 14,967 square feet and was sold for a price of $1,500,000, resulting in a price per square foot of $100.
Summary of transation details
- Property Type: Industrial
- Transaction Amount: $1,500,000
- Address: 4 Leonard St, Metuchen
- Market: Metuchen
The buyer of the property is Howard Stipe, while the seller is Praful Raja.
The industrial sale at 4 Leonard St, Metuchen, NJ, USA in Metuchen, New Jersey sold for $1.5M in 2021. The building is 14,967 square feet, implying about 100 per square foot on the published price. Named participants on the 4 Leonard St, Metuchen, NJ, USA sale are Howard Stipe. This page is the Metuchen, New Jersey file for the 4 Leonard St, Metuchen, NJ, USA industrial sold: pricing, party profiles, and other closed industrial comps from the same Metuchen sit in the Market section below. Filter that Metuchen industrial set by closing date to see what else sold near 4 Leonard St, Metuchen, NJ, USA around 2021. Published consideration for 4 Leonard St, Metuchen, NJ, USA is $1.5M, dated 2021. Cite this Howard Stipe Acquires Industrial Property In Metuchen For $1.5M sale when underwriting similar industrial product around Metuchen, New Jersey.
Players
Metuchen 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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93