Updated Nov 6, 2026
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.
On the Map
$22,000,000
$182/SF
Industrial
View full map
Players
South Plainfield Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Jason Crimmins (SIOR, CCIM) to view all their deals.
Browse South Plainfield industrial sales on Traded.
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