Daily limit: 0/10
L'Oreal USA Occupied Buildings Sold For Over $11 Million In Clark, Union County
SOLD
$11,000,000
New Jersey
See Similar DealsCommercial75,353 SF
Sold 05/30/2023
SOLD
L'Oreal USA Occupied Buildings Sold For Over $11 Million In Clark, Union County
Clark133 Terminal Ave, Clark, Nj 07066
See Similar DealsCommercial75,353 SF
Sold 05/30/2023
Summary
NEW JERSEY
Asset Type:Commercial
Price Per Square Foot:$146
Total Square Footage:75,353 SF
Transaction Type:Sale
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.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$586,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$39,080.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$52,145.61
Annual Debt Service$625,747.34
Is there something missing? Send suggestions