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85 Main Street, Spotswood, ...

Jerry Fennelly & Patrick Dintrone Of NAI Fennelly Acquire Industrial Property In Spotswood For $40.25M
SOLDIndustrial

Jerry Fennelly & Patrick Dintrone Of NAI Fennelly Acquire Industrial Property In Spotswood For $40.25M

85 Main Street, Spotswood, New Jersey 08884, United States

$40,250,000

Building Size

Asset Type

Industrial

Closing

Jan 25, 2022

AI

An industrial property located at 85 Main St in Spotswood has been sold for a price of $40,250,000. The property is spread over an area of 58 acres. The sale transaction took place on January 25, 2022. Representatives from NAI Fennelly, namely Jerry Fennelly and Patrick Dintrone, facilitated the deal.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $40,250,000
  • Date: January 25, 2022
  • Address: 85 Main St
  • Market: Spotswood
  • Acres: 58

Jerry Fennelly and Patrick Dintrone from NAI Fennelly played important roles as brokers in this sale. They represented the parties involved in the transaction and helped facilitate the deal.

Players

Jerry Fennelly

Fennelly Associates

Broker

$91.6M

vol

22 deals

Broker
NAI Global
NAI GlobalBrokerage

East Brunswick 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

0.39%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93