Updated Dec 4, 2024
Brian Danahy Of Stonemont Financial Acquires Industrial Asset In East Windsor For $10.3M
493 Old Trenton Road
$10,300,000
$187/SF
Building Size
55,010 SF
Asset Type
Industrial
Closing
Aug 30, 2024
About this deal
AI
The industrial property located at 493 Old Trenton Road in East Windsor, NJ, has been sold for $10,300,000. The asset spans a total of 55,010 square feet, resulting in a price per square foot of $187.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $10,300,000
- Sale Date: 08/30/2024
- Buyer: Brian Danahy - Stonemont Financial
- Seller: Medschenker - Sean Yeom
- Brokers: Isaac R. Setton, Bunny Escava, Richard Ades & Shaya Nisnevitz - KSR
The transaction involved key representatives from both the buying and selling sides, with Brian Danahy acting on behalf of Stonemont Financial, and Sean Yeom representing Medschenker. The brokerage team from KSR played a vital role in facilitating the deal, consisting of Isaac R. Setton, Bunny Escava, Richard Ades, and Shaya Nisnevitz.
On the Map
$10,300,000
$187/SF
Industrial
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Players
East Windsor 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
1.54%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93