Autocorrect Collision Acquires Industrial Property From Trans Diagnostic Center For $950,000
86 South Main Street
$950,000
$128/SF
Building Size
7,372 SF
Asset Type
Industrial
Closing
Oct 23, 2025
AI
The industrial property located at 86 South Main Street in Ocean Grove has been sold for $950,000. The asset encompasses a total square footage of 7,372, resulting in a price per square foot of approximately $128.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $950,000
- Buyer: Autocorrect Collision
- Seller: Trans Diagnostic Center
- Brokers: Jack Zalta, Emil Shabot & Albert Mosseri - Kassin Sabbagh Realty
This transaction involved key participants in the real estate sector, including the buyers Autocorrect Collision, which will be taking possession of the property, and the sellers Trans Diagnostic Center. The deal was facilitated by brokers Jack Zalta, Emil Shabot, and Albert Mosseri from Kassin Sabbagh Realty, who represented both parties in the transaction.
Players
Ocean Grove 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
16.70%
Cash-on-Cash
-4.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93