JLL Capital Markets Sells Storage Facility In Elizabeth To Avidan Group & Elberon Development Group
900 Fairmount Avenue, Elizabeth, New Jersey 07201, United States
Building Size
138,642 SF
Asset Type
—
Closing
Feb 24, 2022
AI
The storage facility located at 900 Fairmount Ave in Elizabeth has been sold in a transaction. The property spans approximately 138,642 square feet and is categorized as a storage facility.
Summary of transation details
- Property Type: Storage Facility
- Transaction Amount: Not specified
The sellers of the property were the Avidan Group and Elberon Development Group. The sale of the storage facility was facilitated by Michael Oliver, Marc Duval, Jordan Avanzato, Nicholas Stefans, and Jose Cruz from JLL Capital Markets.
Players
Elizabeth CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
Loading comparables…
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