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313 Enterprise Drive, Plain...

Metrohm USA Acquires Office Building In Plainsboro, NJ For $7.3M
SOLDOffice

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

Jerry Fennelly

Fennelly Associates

Broker

$91.6M

vol

22 deals

Broker
NAI Global
NAI GlobalBrokerage

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