STAG Industrial Acquires Industrial Property In Piscataway From Strato
100 New England Ave, Piscataway, NJ 08854
Building Size
101,553 SF
Asset Type
MultiFamily
Closing
Apr 27, 2023
AI
STAG Industrial has acquired an industrial property located at 100 New England Avenue in Piscataway. The property measures approximately 101,553 square feet.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: Not disclosed
- Address: 100 New England Avenue
- Market: Piscataway
- Buyer: STAG Industrial
- Seller: Strato
Jordan Avanzato, Marc Duval, Nick Stefans, Jose Cruz, Jason Lundy, and Frank Recine of JLL represented both the buyer, STAG Industrial, and the seller, Strato, in this transaction.
Players
New Jersey MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93