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3300 Palisades Avenue⁠

SOLDMixed-use

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

Richard Gatto

CBRE

Broker

$999.8M

vol

43 deals

Broker
Marcus & Millichap
Marcus & MillichapBrokerage

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