Updated Oct 13, 2026
Elion Partners Acquires Industrial Property In Elizabeth For $29.7M
1000 Jefferson Avenue, Elizabeth, NJ, USA
$29,700,000
$147/SF
Building Size
202,000 SF
Asset Type
Industrial
Closing
Feb 28, 2021
About this deal
AI
An industrial property located at 1000 Jefferson Avenue in Elizabeth has been sold for $29,700,000. The property spans across 202,000 square feet and sits on 8.6 acres of land. The sale price per square foot comes out to be approximately $147, while the price per acre is around $3,453,488.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $29,700,000
- Address: 1000 Jefferson Avenue
- Market: Elizabeth
Elion Partners was the buyer in this transaction, while the property was sold by Seyon Group and Wheelock Street Capital. Bunny Escava and Isaac Setton from Kassin Sabbagh Realty represented the parties involved in the deal as brokers.
On the Map
$29,700,000
$147/SF
Industrial
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Players
Elizabeth 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
0.53%
Cash-on-Cash
-0.15%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93