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
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