Stonebridge, Inc. Acquires Industrial Property At 22 Brick Yard Road For $20.13M
22 Brick Yard Road
$21,125,000
$908/SF
Building Size
23,265 SF
Asset Type
Industrial
Closing
Apr 29, 2026
AI
The industrial property located at 22 Brick Yard Road in Cranbury has a total area of 22,752 square feet and sits on 16.1 acres. The property was sold for a price of $20,125,000, equating to a price per square foot of $885.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $20,125,000
- Address: 22 Brick Yard Road
- Market: Cranbury
- Square Footage: 22,752
- Acres: 16.1
- Buyer: Stonebridge, Inc.
- Seller: Kyle Mathis & Eric Gormeley - Deugen Development
- Buyer's Representative: Ben Shapiro - CBRE
- Seller's Representative: Carly Kilroy - Curran Commercial
Ben Shapiro, representing the buyer Stonebridge, Inc., along with Carly Kilroy, representing the seller Kyle Mathis & Eric Gormeley from Deugen Development, facilitated this transaction. The involvement of CBRE and Curran Commercial highlights the brokerage firms engaged in this sale.
Players
Cranbury Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.75%
Cash-on-Cash
-0.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93