Sheldon Gross Realty Sells Industrial Property In Howell For $1.2M
98 Industrial Court, Freehold Township, New Jersey 07728, United States
$1,200,000
$171/SF
Building Size
7,000 SF
Asset Type
Industrial
Closing
Dec 2, 2021
AI
Located at 98 Industrial Court in Howell, this industrial property spans over 3.06 acres. The transaction, which took place on 12/02/2021, involved the sale of the property for a total price of $1,200,000. The property offers a spacious area of 7,000 square feet, resulting in a price per square foot of $171. Matt Leonelli of Sheldon Gross Realty represented the parties involved in the deal.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,200,000
- Address: 98 Industrial Court
- Market: Howell
- Size: 3.06 acres
- Square Footage: 7,000
- Price per Square Foot: $171
The sale of this industrial property was facilitated by broker Matt Leonelli of Sheldon Gross Realty. He played a crucial role in representing the parties involved throughout the transaction.
Players
Freehold 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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93