Deugen Development Purchases Industrial Property From Midstate Filigree Systems In Cranbury NJ
22 Brick Yard Road
Building Size
23,265 SF
Asset Type
Industrial
Closing
Sep 18, 2025
AI
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].
Players
Cranbury 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
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93