Marcus & Millichap Brokers Sell Mixed-Use Property In Union City For $1.325M
3300 Palisades Avenue
$1,325,000
$122/SF
Building Size
10,850 SF
Asset Type
Mixed-use
Closing
Nov 10, 2020
AI
A mixed-use property located at 3300 Palisades Avenue in Union City has been sold for $1,325,000. The property spans a total of 10,850 square feet, resulting in a price per square foot of $122. This transaction took place on November 11, 2020.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,325,000
- Address: 3300 Palisades Avenue
- Market: Union City
The deal was facilitated by Fahri Ozturk, Richard D. Gatto, David Ferber, and Karly Iacono from Marcus & Millichap. They represented the parties involved in this sale, but no additional details or background information regarding the individuals or companies were provided.
Players
Sherwood Park Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
11.97%
Cash-on-Cash
-3.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93