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254 Elizabeth Avenue, Newar...

Updated Sep 5, 2024

Mohamed Kazan & Abdul Kazan Of Keller Williams Realty Lease Industrial Property In Newark For 5 Years
LEASEDIndustrial

Mohamed Kazan & Abdul Kazan Of Keller Williams Realty Lease Industrial Property In Newark For 5 Years

254 Elizabeth Avenue, Newark, NJ 07108

Building Size

13,000 SF

Asset Type

Industrial

Closing

Dec 1, 2021

About this deal

AI

Located at 254 Elizabeth Ave, this industrial property in Newark was recently leased. The lease terms are for a duration of 5 years with a lease type of NNN Lease. The property spans approximately 13,000 square feet with an asking rent of $13 per square foot. The deal was facilitated by brokers Mohamed Kazan and Abdul Kazan from Keller Williams Realty.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: N/A
  • Address: 254 Elizabeth Ave, Newark
  • Market: Newark
  • Asking Rent: $13/ft.
  • Square Footage: 13,000
  • Lease Terms: 5 years
  • Lease Type: NNN Lease

The lease of this industrial property was successfully negotiated by Mohamed Kazan and Abdul Kazan from Keller Williams Realty. They played a crucial role in securing the deal between the parties involved.

Players

Mohamed Kazan

Keller Williams Realty

Broker

1 deal

Broker

Newark 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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