Deugen Development Purchases Industrial Property From Midstate Filigree Systems In Cranbury NJ
SOLD
New Jersey
See Similar DealsIndustrial23,265 SF
Sold 09/19/2025
SOLD
Deugen Development Purchases Industrial Property From Midstate Filigree Systems In Cranbury NJ
22 Brick Yard Road
See Similar DealsIndustrial23,265 SF
Sold 09/19/2025
Summary
NEW JERSEY
Asset Type:Industrial
Total Square Footage:23,265 SF
Transaction Type:Sale
Deugen Development has acquired a 16.1-acre industrial outdoor storage property located at 22 Brick Yard Road in Cranbury, New Jersey. The property encompasses a total of 23,265 square feet.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 22 Brick Yard Road
- Market: Cranbury
- Buyer: Deugen Development
- Seller: Midstate Filigree Systems
- Broker: Carly Kilroy - Curran Commercial
Carly Kilroy of Curran Commercial facilitated the off-market transaction for this property. Interested parties can reach out to Carly for leasing inquiries at [email protected].
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$693,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$46,186.27
Cash-on-Cash Return-1.27%
Monthly Debt Service$61,626.63
Annual Debt Service$739,519.59
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