Updated Oct 29, 2024
SNR Trading Buys Industrial Property From Balogh Associates In Franklin Township For $3.1M
215 Davidson Ave, Franklin Township...
$3,100,000
$124/SF
Building Size
25,000 SF
Asset Type
Industrial
Closing
Nov 22, 2023
About this deal
AI
Located in the Somerset section of Franklin, the industrial property at 215 Davidson Ave spans 25,000 square feet. SNR Trading acquired the asset from Balogh Associates for $3,100,000.00 in a recent transaction within the Franklin market.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,100,000.00
- Address: 215 Davidson Ave, Franklin Township
- Market: Franklin
- Buyer: SNR Trading
- Seller: Balogh Associates
- Buyer's Representative: Ronald Kraft()
In this deal, Ronald Kraft of Allied Realty served as the buyer's representative for SNR Trading. Balogh Associates, the seller, was represented by Zimmel Associates Vice President Jordan Zimmel. The strategic location of the property off Interstate 287 was highlighted as a key selling point during the transaction.
Players
Franklin Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93