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480 Lalor Street, Trenton, ...

Howco Management Acquires Industrial Property In Trenton, NJ For $1.8M
SOLDIndustrial

Howco Management Acquires Industrial Property In Trenton, NJ For $1.8M

480 Lalor Street, Trenton, New Jersey 08611, United States

$1,800,000

$66,666/SF

Building Size

27 SF

Asset Type

Industrial

Closing

Nov 17, 2022

AI

An industrial property located at 480 Lalor Street in Trenton, NJ recently sold for a total of $1,800,000. The property spans a total area of 27,362 square feet, resulting in a price per square foot of $66. The transaction took place on November 17, 2022.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $1,800,000
  • Square Footage: 27,362
  • Price per Square Foot: $66
  • Address: 480 Lalor Street, Trenton, NJ
  • Market: Trenton, NJ

The buyer of the property was Howco Management, while the seller was Switlik Survival Products, Inc. Representing both parties in the deal were Jerry Fennelly & Matt Fennelly from NAI Fennelly.

Players

Jerry Fennelly

Fennelly Associates

Broker

$91.6M

vol

22 deals

Broker

Trenton 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

8.81%

Cash-on-Cash

-2.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93