Updated Dec 21, 2023
Baruch Hager Acquires Industrial Property In South Plainfield, NJ For $11.7M
4475 South Clinton Avenue
$11,700,000
$201/SF
Building Size
58,000 SF
Asset Type
Industrial
Closing
Aug 18, 2022
About this deal
AI
The industrial property located at 4475 S. Clinton Ave. in South Plainfield, NJ has been sold. The transaction took place on August 18, 2022, with a sale price of $11,700,000 and a total square footage of 58,000. The price per square foot amounts to $201.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $11,700,000
- Address: 4475 S. Clinton Ave., South Plainfield, NJ
- Market: South Plainfield, NJ
- Square Footage: 58,000
The buyer of the property is Baruch Hager, while the seller is LiHua Wang. Representing the seller in the deal was Ellen Feng.
Players
South Plainfield 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
1.36%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93