Standard Supply Co Inc Sells Industrial Property In Tinton Falls, NJ For $5.5M With Buyer's Rep Zev Steinmetz & Seller's Rep John Shibles
41 Shark River Road, Tinton Falls, NJ, USA
$5,500,000
$72/SF
Building Size
76,000 SF
Asset Type
Industrial
Closing
Oct 7, 2021
AI
The industrial property located at 41 Shark River Rd in Tinton Falls, NJ has been sold. The property spans 76,000 square feet and was listed with an asking price of $5,500,000. The sale was completed on 10/07/2021 at the same price.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $5,500,000
- Address: 41 Shark River Rd, Tinton Falls, NJ
- Market: Tinton Falls, NJ
- Square Footage: 76,000
- Price per Square Foot: $66
The seller of the property was Standard Supply Co Inc. Zev Steinmetz from Gramercy Real Estate represented the buyer as their agent, while John Shibles from Sitar Realty Company represented the seller as their agent.
Players
Tinton Falls 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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93