Eurasia Stone Acquires Industrial Property In Plainfield For $1.23M
SOLD
$1,230,000
New Jersey
See Similar DealsIndustrial18,000 SF
Sold 03/09/2022
SOLD
Eurasia Stone Acquires Industrial Property In Plainfield For $1.23M
403 Berckman Street, Plainfield, New Jersey 07062, United States
See Similar DealsIndustrial18,000 SF
Sold 03/09/2022
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$68
Total Square Footage:18,000 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$65,599.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,369.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,830.83
Annual Debt Service$69,969.93
Is there something missing? Send suggestions