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
Neptune 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
2.33%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93