Guindi Family Sells Industrial Asset At 594 Jersey Avenue New Brunswick For $11.995M
SOLD
$12,000,000
New Jersey
See Similar DealsIndustrial70,000 SF
Sold 01/30/2025
SOLD
Guindi Family Sells Industrial Asset At 594 Jersey Avenue New Brunswick For $11.995M
594 Jersey Avenue
See Similar DealsIndustrial70,000 SF
Sold 01/30/2025
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$171
Total Square Footage:70,000 SF
Transaction Type:Sale
The asset involved in the transaction is an industrial property located at 594 Jersey Avenue, New Brunswick, NJ. The sale was finalized at a price of $11,995,000, covering a total square footage of 70,000, resulting in a price per square foot of $171.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $11,995,000
- Square Footage: 70,000
- Price Per Square Foot: $171
- Seller: Guindi Family
- Broker Representatives: Eli Yadid & Joseph Ash - KSR
- Date of Sale: 01/30/2025
- Market: New Brunswick, NJ
This marks KSR's second time selling this building in 4 years, showcasing the brokerage’s ongoing involvement with the property and providing insights into the firm’s expertise within the industrial market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$640,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$42,633.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$56,886.12
Annual Debt Service$682,633.47
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