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465 Industrial Way W, Eaton...

Jerry Brach's World Class Sales Acquires Industrial Property In Eatontown, NJ For $4.25M
SOLDIndustrial

Jerry Brach's World Class Sales Acquires Industrial Property In Eatontown, NJ For $4.25M

465 Industrial Way W, Eatontown, NJ 07724, Estados Unidos

$4,250,000

$9/SF

Building Size

436,760 SF

Asset Type

Industrial

Closing

Oct 22, 2020

AI

The industrial property located at 465 Industrial Way West in Eatontown, NJ has been sold for a price of $4,250,000. The property spans a total area of 43,676 square feet, resulting in a price per square foot of $97. The transaction took place on October 23, 2020.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $4,250,000
  • Square Footage: 43,676
  • Price per Square Foot: $97
  • Address: 465 Industrial Way West, Eatontown, NJ
  • Market: Eatontown, NJ

Jerry Brach from World Class Sales acquired the property from Gregory Schain of New Mill Capital Holdings. Zev Steinmetz from Gramercy Real Estate represented both parties in the transaction.

It is worth noting that Zev Steinmetz, the broker involved in the deal, mentioned that he is readily available for any further inquiries or assistance.

Players

Zev Steinmetz

William Raveis Real Estate

Broker

$26.5M

vol

5 deals

Broker

Eatontown 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

3.73%

Cash-on-Cash

-1.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93