Updated Oct 28, 2024
EverWest Real Estate Investors Acquires Industrial Property In Franklin Township, Somerset NJ For $27.7M
650 Randolph Road, Somerset, NJ 08873
$27,673,800
$220/SF
Building Size
125,790 SF
Asset Type
Industrial
Closing
Oct 26, 2021
About this deal
AI
An industrial property located at 650 Randolph Road in Franklin Township, Somerset NJ has been sold. The property spans 125,790 square feet and was sold for a total price of $27,673,800, resulting in a price per square foot of $220. The sale was completed on October 26, 2021.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $27,673,800
- Address: 650 Randolph Road, Franklin Township, Somerset NJ
- Market: Franklin Township, Somerset NJ
The buyer of the property is EverWest Real Estate Investors, represented by Steve Feinberg. The seller in this transaction is Citgen Realty. The deal was facilitated by brokers Joel Lubin, John Buckley, and Gary Politi from JLL.
On the Map
$27,673,800
$220/SF
Industrial
View full map
Players
Somerset Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Stephen Feinberg to view all their deals.
Browse New Jersey industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.57%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93