National Cellular Acquires Industrial Property In Linden For $1.6M
SOLD
$1,600,000
New Jersey
See Similar DealsIndustrial13,000 SF
Sold 11/16/2021
SOLD
National Cellular Acquires Industrial Property In Linden For $1.6M
10 McKinley St, Linden, NJ, USA
See Similar DealsIndustrial13,000 SF
Sold 11/16/2021
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$123
Total Square Footage:13,000 SF
Transaction Type:Sale
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
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$85,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,684.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,584.82
Annual Debt Service$91,017.80
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