HSJE Realty Acquires Property In East Brunswick With Seller's Rep Glenn Jaffe And Jonathan Glick
2 Claire Rd, East Brunswick, NJ 08816
Building Size
41,500 SF
Asset Type
Warehouse
Closing
Nov 20, 2023
AI
A 41,500-square-foot warehouse and retail facility located at 2 Claire Road in East Brunswick, NJ has been sold. The property features multiple tenants that utilize portions of the building for warehousing and retail purposes. The transaction occurred in the East Brunswick market.
Summary of transaction details:
- Property Type: Warehouse and Retail Facility
- Transaction Amount: Undisclosed
- Address: 2 Claire Rd, East Brunswick, NJ 08816
- Market: East Brunswick
- Buyer: HSJE Realty
- Seller: Unknown
- Buyer's Representative: Corporate America Realty & Advisors
- Seller's Representatives: Glenn Jaffe-Keller Williams, Jonathan Glick
Sheldon Gross Realty facilitated the transaction, highlighting their involvement in the sale process. The proximity of the facility to both New York City and Philadelphia enhances its appeal as a strategic location for businesses. The deal reflects the ongoing activity in commercial real estate within the region.
Players
East Brunswick Warehouse Market Snapshot
Boundary boundary · Warehouse · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93