Updated Sep 9, 2024
ST Peterson Sells Industrial Property In South Brunswick For $1.775M With Jerry Fennelly - NAI Fennelly As The Broker
4262 U.S. Route 1, South Brunswick Township, Monmouth Junction, NJ, USA
$1,775,000
$110/SF
Building Size
16,000 SF
Asset Type
Industrial
Closing
Oct 7, 2021
About this deal
AI
Located at 4262 U.S. Route 1 in South Brunswick, this industrial property has been sold for a price of $1,775,000. The asset spans across 16,000 square feet, resulting in a price per square foot of $111. The transaction took place on 10/07/2021.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,775,000
- Square Feet: 16,000
- Price per Square Foot: $111
- Address: 4262 U.S. Route 1, South Brunswick
- Market: South Brunswick
Jerry Fennelly of NAI Fennelly represented the seller, ST Peterson, in this sale.
Players
Monmouth Junction 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
8.94%
Cash-on-Cash
-2.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93