Updated Oct 29, 2024
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
About this deal
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.
The industrial lease at 25 Hillside Ave #35Hillside, NJ 07205, USA in New Jersey, New Jersey leased for $28 in 2023. The building is 14,060 square feet, implying about 28 per square foot on the published price. Steve Bussel, Jeffrey Goldfinger, Bussel Realty appear on the lease alongside Bussel Realty. This page is the New Jersey, New Jersey file for the 25 Hillside Ave #35Hillside, NJ 07205, USA industrial leased: pricing, party profiles, and other closed industrial comps from the same New Jersey sit in the Market section below. Filter that New Jersey industrial set by closing date to see what else leased near 25 Hillside Ave #35Hillside, NJ 07205, USA around 2023. Published consideration for 25 Hillside Ave #35Hillside, NJ 07205, USA is $28, dated 2023. Cite this Bussel Realty Corp Leases Industrial Building In Hillside To Don Jon Marine Company lease when underwriting similar industrial product around New Jersey, New Jersey.
Players
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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