Bussel Realty Corp Leases Industrial Building In Hillside To Don Jon Marine Company
25 Hillside Ave #35Hillside, NJ 07205, USA
$28
$28/SF
Building Size
14,060 SF
Asset Type
Industrial
Closing
May 31, 2023
AI
Hillside Properties LLC has leased a 14,060-square-foot industrial building located at 25-35 Hillside Avenue in Hillside. The property offers loading tailboards, office space, high ceilings, and parking for 20 cars, with convenient access to major routes.
Summary of transaction details
- Property Type: Industrial
- Transaction Date: 05/31/2023
- Address: 25-35 Hillside Avenue
- Market: Hillside
The tenant, Don Jon Marine Company, has leased the property through the representation of Steve Bussel & Jeffrey Goldfinger from Bussel Realty Corp.
Players
New Jersey Industrial Market Snapshot
Boundary boundary · Industrial · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
566535.71%
Cash-on-Cash
-161917.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93