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140 South Avenue

Updated Nov 6, 2026

Private Asset Manager Acquires 120,886 SF Industrial Property In South Plainfield For $22M
SOLDIndustrial

Private Asset Manager Acquires 120,886 SF Industrial Property In South Plainfield For $22M

140 South Avenue

$22,000,000

$182/SF

Building Size

120,886 SF

Asset Type

Industrial

Closing

Nov 4, 2026

About this deal

AI

A private asset manager acquired an industrial property located at 140 South Avenue in South Plainfield, NJ, for $22 million. The property spans 120,886 square feet and sits on 12.8 acres. Built in 1967, the facility includes multiple loading docks, 20-foot clear heights, and has direct access to Interstate 287, making it ideal for logistics and regional distribution.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: $22,000,000
  • Address: 140 South Avenue
  • Market: South Plainfield, NJ
  • Asset Size: 120,886 SF
  • Price per Square Foot: $182
  • Year Built: 1967
  • Acreage: 12.8

The transaction was facilitated by brokers Jason Crimmins (SIOR, CCIM), Alessandro Conte (SIOR, CCIM), Peter Murano, and Nicholas Bio from The Blau & Berg Company, representing the buyer in this significant property acquisition.

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$22,000,000

$182/SF

Industrial

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Players

Jason Crimmins

The Blau & Berg Company

Broker

$22M

vol

12 deals

Broker

South Plainfield Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

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Deal FAQ

About $182 per square foot on a published $22M for 120,886 square feet (2026).

Visit Jason Crimmins (SIOR, CCIM) to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.72%

Cash-on-Cash

-0.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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