Rob Delaney Of Longpoint Realty Partners Acquires Industrial Property In South Plainfield From Rick Deandrea
901 Montrose Avenue
$3,525,000
$195/SF
Building Size
18,000 SF
Asset Type
Industrial
Closing
Jul 31, 2024
AI
The property involved in this transaction is an industrial asset located at 901 Montrose Avenue in South Plainfield, NJ, encompassing a total square footage of 18,264. The transaction reflects a sale completed on July 30, 2024.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not specified
- Address: 901 Montrose Avenue
- Market: South Plainfield, NJ
- Buyer: Rob Delaney - Longpoint Realty Partners
- Seller: Rick Deandrea
- Broker Representatives: Shaya Nisnevitz & Bunny Escava - KSR
This transaction highlights Rob Delaney's role representing Longpoint Realty Partners as the buyer acquiring the property from seller Rick Deandrea. The brokers involved in facilitating the deal were Shaya Nisnevitz and Bunny Escava from KSR.
Players
South Plainfield 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
4.50%
Cash-on-Cash
-1.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93