Updated Dec 4, 2024
Kamal Sinha Sells Self Storage Facility In Millstone Township For $10.375M With Brokers Milton Braasch II Simon Assaf & Ben Tracy
550 Monmouth Road
$10,375,000
$174/SF
Building Size
59,605 SF
Asset Type
Self Storage
Closing
Aug 20, 2024
About this deal
AI
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:
- Property Type: Self Storage
- Transaction Amount: $10,375,000
- Address: 550 Monmouth Road
- Market: Millstone Township
- Square Footage: 59,605
- Price per Square Foot: $174
- Seller: Kamal Sinha
- Broker Representatives: Milton Braasch II, Simon Assaf & Ben Tracy
- Agency: Matthews Real Estate Investment Services
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.
On the Map
$10,375,000
$174/SF
Self Storage
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Millstone Township Self Storage Market Snapshot
Boundary boundary · Self Storage · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.53%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93