Updated Sep 30, 2025
Brookfield Development Acquires Industrial Property In South Plainfield For $14.6M
800 Montrose Avenue, South Plainfield, NJ 07080
$14,600,000
$130/SF
Building Size
112,000 SF
Asset Type
Industrial
Closing
Dec 21, 2021
About this deal
AI
The industrial property located at 800 Montrose Ave in South Plainfield has been sold in a recent transaction. The property, spanning 112,000 square feet, was listed for sale at an asking price of $14,600,000. The sale was finalized at the same price, resulting in a price per square foot of $130. The buyer in this transaction was Brookfield Development, represented by Justin Drysdale and Tyler Mordas. The seller in the transaction was Sansone Group.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $14,600,000
- Address: 800 Montrose Ave, South Plainfield
- Market: South Plainfield
The buyer, Brookfield Development, was represented by Justin Drysdale and Tyler Mordas. The seller, Sansone Group, enlisted the services of Marc Duval, Jordan Avanzato, John Huguenard, and Nick Stefans, all from JLL, as their brokers in the deal.
Players
South Plainfield Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Nick Stefans 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
1.09%
Cash-on-Cash
-0.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93