SOLDIndustrial
Eurasia Stone Acquires Industrial Property In Plainfield For $1.23M
403 Berckman Street, Plainfield, New Jersey 07062, United States
$1,230,000
$68/SF
Building Size
18,000 SF
Asset Type
Industrial
Closing
Mar 8, 2022
AI
The industrial property located at 403 Berckman St in Plainfield has been sold in a recent transaction.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,230,000
- Square Footage: 18,000
- Price per Square Foot: $68
- Market: Plainfield
Eurasia Stone has acquired the property as the buyer. The deal was facilitated by Matt Leonelli from Sheldon Gross Realty, who represented Eurasia Stone as their broker.
Players
Plainfield 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
12.90%
Cash-on-Cash
-3.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93