Faropoint Acquires Industrial Property From Candor Capital For $5.325 Million In South Plainfield
4315 New Brunswick Avenue
$5,325,000
$198/SF
Building Size
26,800 SF
Asset Type
Industrial
Closing
Dec 13, 2024
AI
The property asset involved in this transaction is an industrial asset located at 4315 New Brunswick Avenue, South Plainfield, NJ. The sale price was $5,325,000 for a total square footage of 26,800, resulting in a price per square foot of $198.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $5,325,000
- Address: 4315 New Brunswick Avenue
- Market: South Plainfield, NJ
- Square Footage: 26,800
- Price Per Square Foot: $198
- Buyer: Faropoint
- Seller: Candor Capital
- Brokers: Isaac R. Setton, Joseph Kassin, Steven Pollan, Bunny Escava & Ariel Mamane - KSR
This transaction involved key individuals including Isaac R. Setton, Joseph Kassin, Steven Pollan, Bunny Escava, and Ariel Mamane, who represented the parties in the deal. The representation was facilitated by KSR agency, indicating the professional collaboration among the brokers involved in this industrial asset transaction.
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
2.98%
Cash-on-Cash
-0.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93