Shomash Realty LLC Acquires Former GE Healthcare Facility In South Plainfield For $3.8M
900 Durham Avenue
$3,800,000
$119/SF
Building Size
31,800 SF
Asset Type
Industrial
Closing
Jun 18, 2026
AI
The industrial property located at 900 Durham Avenue in South Plainfield, NJ, was sold for $3.8 million. The asset spans 31,800 square feet and sits on 3.52 acres. It previously functioned as a GE Healthcare facility and features lab, warehouse, and office space, benefiting from a convenient location near I-287 with strong transportation access.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,800,000
- Square Footage: 31,800
- Price per Square Foot: $119
- Seller: Roaring Brook Investment One LLC
- Buyer: Shomash Realty LLC
- Brokers: Andrew Schwartz, Jordan Sobel, Andre Balthazard, Dan Bottiglieri & Ryan Larkin - Cushman & Wakefield
The transaction involved Roaring Brook Investment One LLC as the seller, with Cushman & Wakefield representing the seller in the deal. The property attracted interest for its flexible configuration, indicating potential for various uses in the industrial sector.
Players
Avenue 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
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93