facebook
Traded Co logo
Submit

Faropoint Acquires Industrial Property From Candor Capital For $5.325 Million In South Plainfield

Property Image
SOLD
$5,325,000
Bunny Escava
Joseph Kassin
+ 2

New Jersey

See Similar Deals
Industrial26,800 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Faropoint Acquires Industrial Property From Candor Capital For $5.325 Million In South Plainfield

4315 New Brunswick Avenue

See Similar Deals
Industrial26,800 SF
Sold
Bunny Escava
Joseph Kassin
+ 2
Contact now

Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$198
Total Square Footage:26800 SF
Transaction Type:Sale

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:

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

Bunny Escava
41 deals$1.1B volume(917) 886-7545
BROKER

Joseph Kassin
Kassin Sabbagh Realty
14 deals$1.1B volume(718) 483-4993
BROKER

Steven Pollan
Kassin Sabbagh Realty
15 deals$1.2B volume
BROKER

Isaac R. Setton
Kassin Sabbagh Realty
27 deals$642M volume
BROKER

Ariel Mamane
Kassin Sabbagh Realty
2 deals$10.6M volume(917) 349-1647
BROKER

Details

SOLD
IMAGE: Isaac R. Setton, Ariel Mamane, Joseph Kassin, Steven Pollan DATE: 12/13/2024 ADDRESS: 4315 New Brunswick Avenue MARKET: South Plainfield, NJ ASSET TYPE: Industrial BUYER: Faropoint SELLER: Candor Capital BROKERS: Isaac R. Setton (@IsaacrSetton), Joseph Kassin, Steven Pollan (@TPChamp7), Bunny Escava (@Bunnnyyy) & Ariel Mamane (@ArielMamane) - KSR (@Kassin_Sabbagh_Realty) SALE PRICE: $5,325,000 SF: 26,800 ~ PPSF: $198

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$283,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$18,918.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,243.22
Annual Debt Service$302,918.60