HLM KONCEPTS Acquires South Brunswick Office Building On US Highway 1 For $6M
4260 U.S. 1, South Brunswick Township, Monmouth Junction, NJ, USA
$6,000,000
$106/SF
Building Size
56,360 SF
Asset Type
Office
Closing
Oct 27, 2020
AI
A 56,360 square foot office property located at 4260 US Highway 1 in South Brunswick was recently sold for $6,000,000. The transaction took place on October 28, 2020. The buyer was HLM KONCEPTS, while the seller was ST Peterson & Co. The property is situated in the South Brunswick market.
Summary of transation details
- Property Type: Office
- Transaction Amount: $6,000,000
- Address: 4260 US Highway 1
- Market: South Brunswick
Jerry Fennelly & Partick Dintrone from NAI Fennelly represented both parties involved in the transaction as brokers.
The sale price of $6,000,000 equates to a price per square foot of $106.
Players
Monmouth Junction 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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93