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129 East 1st Avenue, Rosell...

129 EFA, LLC Acquires Industrial Asset In Roselle, NJ From Nasbone Real Estate LLC For $1.165M
SOLDIndustrial

129 EFA, LLC Acquires Industrial Asset In Roselle, NJ From Nasbone Real Estate LLC For $1.165M

129 East 1st Avenue, Roselle, NJ, USA

$1,165,000

$164/SF

Building Size

7,100 SF

Asset Type

Industrial

Closing

Jul 12, 2020

AI

Located in Roselle, NJ, the industrial property located at 129 East First Avenue has been sold in a recent transaction. The sale, which took place on July 12, 2021, involved a total square footage of 7,100. The property was sold by Nasbone Real Estate LLC and purchased by 129 EFA, LLC for a price of $1,165,000, resulting in a price per square foot of $164.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $1,165,000
  • Address: 129 East First Avenue, Roselle, NJ
  • Market: Roselle, NJ

The deal was facilitated by the brokers Steve Jaynes and Jeffrey Goldfinger, representing Bussel Realty Corp. They played a crucial role in bringing together the buyer, 129 EFA, LLC, and the seller, Nasbone Real Estate LLC. Their expertise and negotiation skills helped in successfully closing the transaction.

Players

Steve Jaynes

Bussel Realty

Broker

$18.5M

vol

8 deals

Broker

Roselle 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

13.62%

Cash-on-Cash

-3.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93