Updated Oct 28, 2024
Lincoln Equities Group Acquires 15.25 Acres Industrial Property In Belleville For $13M
681 Main Street, Belleville, New Jersey 07109, United States
$13,000,000
$44/SF
Building Size
295,000 SF
Asset Type
Industrial
Closing
Jan 20, 2022
About this deal
AI
The industrial property located at 681 Main St. in Belleville has recently been sold. The property spans across 15.25 acres and is situated in the Belleville market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $13,000,000
- Date: 01/21/2022
- Square Footage: 295,000
- Price per Square Foot: $44
The buyer of the property is Lincoln Equities Group, while the seller is Belleville Industrial Center Inc. The transaction was facilitated by Jason Lynch and Troy Wisse from Lee & Associates - New Jersey.
On the Map
$13,000,000
$44/SF
Industrial
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Players
Belleville 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
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93