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Jonathan Glick & Matthew Leonelli Sell 10.3k SF Mixed-Use Property In Howell For $2.9M
SOLD
$2,900,000
New Jersey
See Similar DealsMixed-use10,300 SF
Sold
SOLD
Jonathan Glick & Matthew Leonelli Sell 10.3k SF Mixed-Use Property In Howell For $2.9M
400 Okerson Rd Freehold, NJ 07728, USA
See Similar DealsMixed-use10,300 SF
Sold
Summary
NEW JERSEY
Asset Type:Mixed-use
Price Per Square Foot:$281
Total Square Footage:10,300 SF
Transaction Type:Sale
A 10,300-square-foot office and warehouse structure located at 400 Okerson Road in Howell has been sold for $2.9 million. The property, situated on 2.75 acres of land, is now serving as a contractor's operating base. Its convenient location and combination of industrial space and existing offices make it highly desirable in Monmouth County.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $2,900,000
- Address: 400 Okerson Road
- Market: Howell
- Acreage: 2.75
The sale was facilitated by Jonathan Glick & Matthew Leonelli of Sheldon Gross Realty. As the property's brokers, they played a crucial role in ensuring a successful transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$154,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,303.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,747.48
Annual Debt Service$164,969.75
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