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Kamal Sinha Sells Self Storage Facility In Millstone Township For $10.375M With Brokers Milton Braasch II Simon Assaf & Ben Tracy

Property Image
SOLD
$10,375,000
Simon Assaf
Milton Braasch II
Ben Tracy

New Jersey

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Self Storage59,605 SF
Sold 08/20/2024
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Property Image
SOLD

Kamal Sinha Sells Self Storage Facility In Millstone Township For $10.375M With Brokers Milton Braasch II Simon Assaf & Ben Tracy

550 Monmouth Road

See Similar Deals
Self Storage59,605 SF
Sold 08/20/2024
Simon Assaf
Milton Braasch II
Ben Tracy
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:Self Storage
Price Per Square Foot:$174
Total Square Footage:59,605 SF
Transaction Type:Sale

The property involved in this transaction is a self-storage facility located at 550 Monmouth Road in Millstone Township. The sale price for this asset was $10,375,000, with a total square footage of 59,605, resulting in a price per square foot of $174.

Summary of transaction details:

The key individuals involved in this deal are Kamal Sinha, the seller of the property, and the broker representatives Milton Braasch II, Simon Assaf, and Ben Tracy, who are affiliated with Matthews Real Estate Investment Services.

Players

Simon Assaf
Matthews
Simon Assaf
4 deals$33.7M volume(909) 800-7139
BROKER
Milton Braasch II
Matthews
Milton Braasch II
1 deal$10.4M volume(913) 416-3200
BROKER
Ben Tracy
Matthews
Ben Tracy
1 deal$10.4M volume(714) 916-8195
BROKER

Details

SOLD
IMAGE: Milton Braasch II, Simon Assaf & Ben Tracy DATE: 08/20/2024 ADDRESS: 550 Monmouth Road MARKET: Millstone Township ASSET TYPE: Self Storage SELLER: Kamal Sinha BROKERS: Milton Braasch II (@MiltonBraasch), Simon Assaf (@SmooveSimon) & Ben Tracy - Matthews Real Estate Investment Services (@Matthews_REIS) SALE PRICE: $10,375,000 SF: 59,605 ~ PPSF: $174

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$553,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$36,860.20
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,182.79
Annual Debt Service$590,193.52