117 Canal Road Office Building In South Bound Brook Sells For $1.1M - Tim Deluccia Represents Seller
117 Canal Road, South Bound Brook, New Jersey 08880, United States
$1,100,000
$137,500/SF
Building Size
8 SF
Asset Type
Office
Closing
Dec 1, 2022
AI
117 Canal Road, located in South Bound Brook, has been sold in a recent transaction. The property, classified as an office, spans a total of 8,300 square feet. The sale took place on January 12, 2022, for a price of $1,100,000, resulting in a price per square foot of $133. The seller of the property was 117 Canal Road Realty LLC.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $1,100,000
- Square Footage: 8,300
- Price per Square Foot: $133
- Address: 117 Canal Road, South Bound Brook
- Seller: 117 Canal Road Realty LLC
- Broker: Tim Deluccia - Deluccia Commercial Group
Representing the seller in the deal was Tim Deluccia from Deluccia Commercial Group.
South Bound Brook Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93