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98 Industrial Court, Freeho...

Sheldon Gross Realty Sells Industrial Property In Howell For $1.2M
SOLDIndustrial

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

Matthew Leonelli

Broker

$11.7M

vol

12 deals

Broker

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