Metrohm USA Acquires Office Building In Plainsboro, NJ For $7.3M
313 Enterprise Drive, Plainsboro, NJ, USA
$7,300,000
$155/SF
Building Size
47,000 SF
Asset Type
Office
Closing
Dec 22, 2020
AI
Located at 313 Enterprise Drive in Plainsboro, NJ, this office property was recently sold in a closed transaction. The sale took place on December 23, 2020.
Summary of Transaction Details
- Property Type: Office
- Sale Price: $7,300,000
- Square Footage: 47,000
- Price per Square Foot: $155
- Address: 313 Enterprise Drive, Plainsboro, NJ
- Market: Plainsboro, NJ
Metrohm USA emerged as the buyer in this transaction, while TLG Enterprise Drive LG acted as the seller. The buyer was represented by Jerry Fennelly and Pratick Dintrone, who are associated with NAI Fennelly. On the other hand, Rob Loderstedt from Newmark Knight Frank served as the seller's representative.
Players
Plainsboro 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
2.17%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93