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25 Hillside Ave #35Hillside...

Bussel Realty Corp Leases Industrial Building In Hillside To Don Jon Marine Company
LEASEDIndustrial

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

Jeffrey Goldfinger

Bussel Realty

Broker

$5.6M

vol

4 deals

Broker

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