Updated Oct 29, 2024
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
About this deal
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.
Eatontown 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
3.73%
Cash-on-Cash
-1.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93