Hendi Baba Acquires Commercial Property From Esh Family For $2,026,000 In Paterson

A commercial property located at 443-451 Broadway in Paterson has been sold for a transaction amount of $2,026,000. The asset spans a total square footage of 2,300, resulting in a price per square foot of $880. Notably, this property consists of an Absolute NNN Taco Bell, which was sold with a cap rate of 5.92%.

Summary of transaction details:

• Property Type: Commercial
• Transaction Amount: $2,026,000
• Buyer: Hendi Baba
• Seller: Esh Family - BSG Management Company
• Broker: Eric Delafraz - Bridge Advisory Group
• Market: Paterson
• Square Footage: 2,300
• Price Per Square Foot: $880
• Cap Rate: 5.92%

The transaction involved key individuals such as buyer Hendi Baba and seller Esh Family with BSG Management Company. The brokerage representing the sale was led by Eric Delafraz from Bridge Advisory Group, facilitating the transfer of this commercial asset.