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
Trenton 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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93