L'Oreal USA Occupied Buildings Sold For Over $11 Million In Clark, Union County
Clark133 Terminal Ave, Clark, Nj 07066
$11,000,000
$146/SF
Building Size
75,353 SF
Asset Type
Commercial
Closing
May 30, 2023
AI
Two buildings totaling over 75,000 square feet in Clark, Union County, have been sold for more than $11 million. The properties, located at 133 & 159 Terminal Avenue and currently occupied by L'Oreal USA, were sold to a buyer who had previously purchased a neighboring building. The buyer was attracted by the quality of the tenant and their satisfaction with the prior purchase.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $11,000,000
- Address: 133 & 159 Terminal Avenue
- Market: Clark
- Asset Type: Commercial
- Acres: 7.14
- Square Footage: 75,353
- Price per Square Foot: $146
The deal was brokered by David Zimmel of Zimmel Associates, who represented the buyer in the transaction.
New Jersey Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93