F.W. Webb Acquires Industrial Property In Tinton Falls For $5.4M
70 Apple Street, Tinton Falls, New Jersey 07724, United States
$5,400,000
$163/SF
Building Size
33,000 SF
Asset Type
Industrial
Closing
Sep 20, 2022
AI
The industrial property located at 70 Apple Street in Tinton Falls has been sold. The property spans over 2.80 acres and features a total square footage of 33,000. The sale took place on September 21, 2022.
Summary of Transaction Details
- Property Type: Industrial
- Sale Price: $5,400,000
- Price per Square Foot: $164
- Address: 70 Apple Street, Tinton Falls
- Market: Tinton Falls
- Buyer: F.W. Webb
- Seller: Middletown Plumbing and Supply Co. - Robert Singer
- Brokers: David & Jordan Zimmel - Zimmel Associates
The buyer in this transaction is F.W. Webb while the seller is Middletown Plumbing and Supply Co., represented by Robert Singer. The deal was facilitated with the assistance of brokers David Zimmel and Jordan Zimmel from Zimmel Associates.
Players
Tinton Falls 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
2.94%
Cash-on-Cash
-0.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93