Updated Oct 28, 2024
Kausar J Ashraf & Mohammad Ashraf Acquire Other Industrial Property In Linden, NJ For $2.5M
621 Commerce Road, Linden, New Jersey 07036, United States
$2,500,000
Building Size
—
Asset Type
Industrial
Closing
Mar 9, 2022
About this deal
AI
The property involved in this transaction is an Other Industrial asset located at 621 Commerce Rd in Linden, NJ. The sale took place on 03/10/2022. The property was sold by Shepco Incorporated at a price of $2,500,000.
Summary of transaction details
- Property Type: Other Industrial
- Transaction Amount: $2,500,000
- Address: 621 Commerce Rd, Linden, NJ
- Market: Linden, NJ
Kausar J Ashraf & Mohammad Ashraf were the buyers in this transaction. Shepco Incorporated served as the seller.
The industrial sale at 621 Commerce Road, Linden, New Jersey 07036, United States in Linden, New Jersey sold for $2.5M in 2022. 621 Commerce Road, Linden, New Jersey 07036, United States is classified as Industrial on Traded. This page is the Linden, New Jersey file for the 621 Commerce Road, Linden, New Jersey 07036, United States industrial sold: pricing, party profiles, and other closed industrial comps from the same Linden sit in the Market section below. Filter that Linden industrial set by closing date to see what else sold near 621 Commerce Road, Linden, New Jersey 07036, United States around 2022. Published consideration for 621 Commerce Road, Linden, New Jersey 07036, United States is $2.5M, dated 2022. Cite this Kausar J Ashraf & Mohammad Ashraf Acquire Other Industrial Property In Linden, NJ For $2.5M sale when underwriting similar industrial product around Linden, New Jersey.
Players
Linden Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93