Updated Oct 29, 2024
IBEW Local 94 Acquires Office Building In Hightstown, NJ From CrossState Credit Union Association
299 Ward Street, East Windsor, NJ, USA
$1,999,999
$125/SF
Building Size
16,000 SF
Asset Type
Office
Closing
Feb 18, 2021
About this deal
AI
IBEW Local 94 has acquired a 16,000 square foot office property located at 299 Ward Street in Hightstown, New Jersey. The property was purchased from CrossState Credit Union Association for a sale price of $1,999,999. The transaction was facilitated by Kevin Coleman and Victor DeJesus from WCRE, representing the buyer, and Jerry Fennelly from NAI Fennelly, representing the seller. The property is situated in the market of Hightstown (East Windsor Township), NJ.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $1,999,999
- Address: 299 Ward Street
- Market: Hightstown (East Windsor Township), NJ
IBEW Local 94's acquisition of 299 Ward Street in Hightstown, New Jersey marks a significant development in their real estate portfolio. The buyer was represented by Kevin Coleman and Victor DeJesus of WCRE, while the seller was represented by Jerry Fennelly of NAI Fennelly. This transaction highlights the continued growth and investment opportunities in the Hightstown market.
On the Map
$1,999,999
$125/SF
Office
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Players
East Windsor 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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93