Updated Oct 28, 2024
National Cellular Acquires Industrial Property In Linden For $1.6M
10 McKinley St, Linden, NJ, USA
$1,600,000
$123/SF
Building Size
13,000 SF
Asset Type
Industrial
Closing
Nov 16, 2021
About this deal
AI
National Cellular has purchased an industrial property located at 10 McKinley St in Linden. The property spans 13,000 square feet and was sold for a price of $1,600,000, resulting in a price per square foot of $123. The transaction took place on November 16, 2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,600,000
- Address: 10 McKinley St
- Market: Linden
- Buyer: National Cellular
- Seller: Unique Screening
- Brokers: Leo Esses & Ilan Tabbouche - Bussel Realty Corp.
The deal was facilitated by brokers Leo Esses and Ilan Tabbouche from Bussel Realty Corp.
Players
Linden Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93