Updated Oct 28, 2024
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
About this deal
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.
The industrial sale at 403 Berckman Street, Plainfield, New Jersey 07062, United States in Plainfield, New Jersey sold for $1.2M in 2022. The building is 18,000 square feet, implying about 68 per square foot on the published price. Named participants on the 403 Berckman Street, Plainfield, New Jersey 07062, United States sale are Matthew Leonelli. This page is the Plainfield, New Jersey file for the 403 Berckman Street, Plainfield, New Jersey 07062, United States industrial sold: pricing, party profiles, and other closed industrial comps from the same Plainfield sit in the Market section below. Filter that Plainfield industrial set by closing date to see what else sold near 403 Berckman Street, Plainfield, New Jersey 07062, United States around 2022. Published consideration for 403 Berckman Street, Plainfield, New Jersey 07062, United States is $1.2M, dated 2022. Cite this Eurasia Stone Acquires Industrial Property In Plainfield For $1.23M sale when underwriting similar industrial product around Plainfield, New Jersey.
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