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
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