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260 Industrial Way W

ACCJ JC Property LLC Acquires Office Building In Eatontown From CUPO For $19 Million
SOLDOffice

ACCJ JC Property LLC Acquires Office Building In Eatontown From CUPO For $19 Million

260 Industrial Way W

$19,000,000

$190/SF

Building Size

100,000 SF

Asset Type

Office

Closing

Jul 15, 2022

AI

The property asset involved in this transaction is an office space located at 260 Industrial Way W in Eatontown, encompassing a total square footage of 100,000. The property was sold for $19,000,000.00.

Summary of transaction details:

  • Property Type: Office
  • Transaction Amount: $19,000,000.00
  • Address: 260 Industrial Way W
  • Market: Eatontown
  • Asset Size: 100,000 SF
  • Buyer: ACCJ JC PROPERTY LLC
  • Seller: CUPO
  • Brokers: Carly Kilroy (Curran Commercial), Ryan Curran (Curran Commercial)

The deal involved ACCJ JC PROPERTY LLC as the buyer, acquiring the property from the seller, CUPO. The transaction was facilitated by brokers Carly Kilroy and Ryan Curran, both representing Curran Commercial in this deal.

Players

Ryan Curran

Curran Commercial

Broker

$19M

vol

2 deals

Broker
AL
ACCJ JC PROPERTY LLCBuyer
C
CUPOSeller

Eatontown 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

0.83%

Cash-on-Cash

-0.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93