Updated Dec 20, 2023
Nagendra Chakrala Acquires Office Building In Monroe Township, NJ For $2.55M
239 Prospect Plains Road, Monroe Township, New Jersey 08831, United States
$2,550,000
$169/SF
Building Size
15,088 SF
Asset Type
Office
Closing
Apr 11, 2022
About this deal
AI
An office building located at 239 Prospect Plains Rd in Monroe Township, NJ was recently sold. The property spans 15,088 square feet and was sold for a price of $2,550,000, resulting in a price per square foot of $169.
Summary of transaction details:
- Property Type: Office Building
- Transaction Amount: $2,550,000
- Address: 239 Prospect Plains Rd, Monroe Township, NJ
- Market: Monroe Township, NJ
- Buyer: Nagendra Chakrala
- Seller: Giuseppe Scotto Dicarlo
- Square Footage: 15,088
- Price per Square Foot: $169
Nagendra Chakrala was the buyer of the property, while Giuseppe Scotto Dicarlo was the seller in this transaction.
Players
Monroe Township 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
6.22%
Cash-on-Cash
-1.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93