Updated Oct 28, 2024
Perth Amboy Industrial Property Sold For $14.2M By Seller Francis Todesco And Buyer Perth Amboy
440 Florida Grove Rd, Perth Amboy, NJ, USA
$14,239,000
$1,079/SF
Building Size
13,190 SF
Asset Type
Industrial
Closing
Apr 5, 2021
About this deal
AI
The industrial property located at 440 Florida Grove Rd in Perth Amboy has been sold. The property spans across 13,190 square feet and was sold for a price of $14,239,000. The sale price translates to approximately $1,080 per square foot.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $14,239,000
- Square Footage: 13,190
- Price per Square Foot: $1,080
- Market: Perth Amboy
The buyer of the property is Perth Amboy, while the seller is Francis Todesco.
The industrial sale at 440 Florida Grove Rd, Perth Amboy, NJ, USA in Keasbey, New Jersey sold for $14.2M in 2021. The building is 13,190 square feet, implying about 1.1K per square foot on the published price. This page is the Keasbey, New Jersey file for the 440 Florida Grove Rd, Perth Amboy, NJ, USA industrial sold: pricing, party profiles, and other closed industrial comps from the same Keasbey sit in the Market section below. Filter that Keasbey industrial set by closing date to see what else sold near 440 Florida Grove Rd, Perth Amboy, NJ, USA around 2021. Published consideration for 440 Florida Grove Rd, Perth Amboy, NJ, USA is $14.2M, dated 2021. Cite this Perth Amboy Industrial Property Sold For $14.2M By Seller Francis Todesco And Buyer Perth Amboy sale when underwriting similar industrial product around Keasbey, New Jersey.
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Keasbey 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
1.11%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93