A Limited Liability Company Purchases Property In Elmwood Park For $10.9 Million

The transaction involved the sale of a 117,000-square-foot industrial facility located at 1 Paul Kohner Place in Elmwood Park, NJ. The property was sold for $10,900,000.00 and is situated on five acres. The transaction closed at a 6 percent capitalization rate in the Elmwood Park market.

Summary of transaction details:

• Property Type: Industrial Facility
• Transaction Amount: $10,900,000.00
• Square Footage: 117,000
• Address: 1 Paul Kohner Pl, Elmwood Park, NJ
• Market: Elmwood Park
• Seller: A Limited Liability Company
• Buyer: A Limited Liability Company
• Seller's Representatives: Mark Taylor-Marcus & Millichap, David Beyel-Walker & Dunlop, Donovan Mackey-Marcus & Millichap, Joe Batres-Marcus & Millichap

Donovan Mackey, Mark Taylor, David Beyel, Mitch Cowan, and Joe Batres were involved in representing the seller during the transaction. Both parties in the deal were structured as limited liability companies.