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2 Claire Rd, East Brunswick...

HSJE Realty Acquires Property In East Brunswick With Seller's Rep Glenn Jaffe And Jonathan Glick
SOLDWarehouse

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

Glenn Jaffe

Keller Williams Realty

Broker

$15.3M

vol

7 deals

Broker

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