Updated May 12, 2025
Kerlly Bochicchio Of Signature Realty NJ Represents Sale Of Industrial Asset At 1062 Magnolia Avenue For $3.85M
1062 Magnolia Avenue
$3,850,000
$175/SF
Building Size
22,000 SF
Asset Type
Industrial
Closing
Mar 28, 2025
About this deal
AI
The property asset involved in this transaction is an industrial facility located at 1062 Magnolia Avenue in Elizabeth. The sale price of the asset was $3,850,000, with a single unit covering an area of 22,000 square feet. This translates to a price per unit of $3,850,000 and a price per square foot of $175.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $3,850,000
- Units: 1
- Square Footage: 22,000
- Price Per Unit: $3,850,000
- Price Per Square Foot: $175
- Date of Transaction: 03/28/2025
- Broker: Kerlly Bochicchio - Signature Realty NJ
Kerlly Bochicchio was the broker representing the sale, facilitating the transaction on behalf of the involved parties through Signature Realty NJ.
On the Map
$3,850,000
$175/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
4.12%
Cash-on-Cash
-1.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93