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GBD International Inc. Purchases Industrial Property At 68 County Line Road For $13.97M

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SOLD
$13,970,000

New Jersey

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Industrial90,000 SF
Sold 09/05/2024
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SOLD

GBD International Inc. Purchases Industrial Property At 68 County Line Road For $13.97M

68 County Line Road

See Similar Deals
Industrial90,000 SF
Sold 09/05/2024
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Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$155
Total Square Footage:90,000 SF
Transaction Type:Sale

The property involved in this transaction is an industrial asset located at 68 County Line Road in Branchburg, spanning 7.81 acres. GBD International Inc. purchased the property for $13.97 million, with a total square footage of 90,000 and a price per square foot of $155.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $13,970,000
  • Buyer: GBD International Inc.
  • Seller: SKM 68 LLC
  • Broker: David Zimmel - Zimmel Associates
  • Square Footage: 90,000
  • Price per Square Foot: $155
  • Market: Branchburg
  • Acres: 7.81

David Zimmel, representing Zimmel Associates, facilitated the transaction, which allows GBD International Inc. to transform the acquired property into a state-of-the-art recycling center. The property was previously sold by Zimmel Associates in 2021 and had undergone significant improvements during GBD's leasing period before the purchase was finalized.

Players

David Zimmel
15 deals$181.4M volume
BROKER

Details

SOLD
IMAGE: David Zimmel DATE: 09/05/2024 ADDRESS: 68 County Line Road MARKET: Branchburg ASSET TYPE: Industrial ~ ACRES: 7.81 BUYER: GBD International Inc. SELLER: SKM 68 LLC BROKER: David Zimmel - Zimmel Associates (@ZimmelAssociates) SALE PRICE: $13,970,000 SF: 90,000 ~ PPSF: $155 NOTE: GBD International Inc. purchased a 90,000-square-foot industrial property in Branchburg for $13.97M, with plans to convert it into a state-of-the-art recycling center. The property, located at 68 County Line Road, was initially sold by Zimmel Associates in 2021 and underwent significant improvements during GBD's lease period before finalizing the purchase.

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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$49,632.45
Cash-on-Cash Return-1.27%
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