facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New Jersey

/

Industrial

/

Sale

/

42 Cindy Lane

Richel Commercial Brokerage Represents Buyer In $6.8M Industrial Sale In Ocean, NJ
SOLDIndustrial

Richel Commercial Brokerage Represents Buyer In $6.8M Industrial Sale In Ocean, NJ

42 Cindy Lane

$6,799,626

$224/SF

Building Size

30,260 SF

Asset Type

Industrial

Closing

Nov 27, 2023

AI

An industrial property located at 42 Cindy Lane in Ocean, NJ has been sold in a recent transaction. The property spans a total of 30,260 square feet and was sold at a price of $6,799,626. The sale price equates to a price per square foot of $225.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $6,799,626
  • Address: 42 Cindy Lane, Ocean, NJ
  • Square Footage: 30,260
  • Price per Square Foot: $225
  • Market: Ocean, NJ

The buyer's representative for this transaction was Steven Richel from Richel Commercial Brokerage. On the other hand, the seller's representatives were Adam Skolnick and Evan Koransky from Ten-X.

Players

Steven Richel

Richel Commercial Brokerage

Broker

$10M

vol

2 deals

Broker

Neptune Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.33%

Cash-on-Cash

-0.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93