JRS Properties Sells Industrial Property In Union County, NJ For $28.3M With Buyer's Rep Alex Tseng & Chris Galiano - NAI DiLeo-Bram
70 Jackson Drive
$28,310,000
$167/SF
Building Size
168,767 SF
Asset Type
Industrial
Closing
Dec 16, 2021
AI
The industrial property located at 70 Jackson Dr. in Union County, NJ has been sold. The property spans across 7.3 acres and is characterized by its industrial usage. The transaction took place on 12/16/2021.
Summary of transation details
- Property Type: Industrial
- Sale Price: $28,310,000
- Total Square Footage: 168,767
- Price Per Square Foot: $167
- Address: 70 Jackson Dr., Union County, NJ
- Market: Union County, NJ
The seller of the property was JRS Properties. The buyer's representatives were Alex Tseng and Chris Galiano from NAI DiLeo-Bram. The seller was represented by Jim Hodgkins from Daunno Commercial. The tenants of the property include National Tree Company and Renewal By Andersen.LLC.
Players
Cranford 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
0.56%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93