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

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SOLD
$4,250,000

New Jersey

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Industrial436,760 SF
Sold 10/23/2020
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Property Image
SOLD

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

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

See Similar Deals
Industrial436,760 SF
Sold 10/23/2020
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Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$9
Total Square Footage:436,760 SF
Transaction Type:Sale

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
5 deals$26.5M volume
BROKER

Details

SOLD
IMAGE: Zev Steinmetz DATE: 10/23/2020 ADDRESS: 465 Industrial Way West MARKET: Eatontown, NJ ASSET TYPE: Industrial BUYER: Jerry Brach – World Class Sales SELLER: Gregory Schain – New Mill Capital Holdings BROKER: Zev Steinmetz – Gramercy Real Estate PRICE: $4,250,000 SF: 43,676 ~ PPSF: $97 NOTE FROM BROKER: I am a phone call away […]

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$15,099.35
Cash-on-Cash Return-1.27%
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