Updated Oct 28, 2024
Gold Tree Management Acquires Industrial Property In Linden For $15M
1301 West Elizabeth Avenue, Linden, New Jersey 07036, United States
$15,000,000
$108/SF
Building Size
138,000 SF
Asset Type
Industrial
Closing
Apr 7, 2022
About this deal
AI
The industrial property located at 1301 W. Elizabeth Ave in Linden has been sold in a recent transaction. The property spans 138,000 square feet and is situated in the industrial market. The sale was facilitated by Jordan Metz, Steve Bussel, and Gregory Irving of Bussel Realty Corp.
Summary of Transaction Details:
- Property Type: Industrial
- Transaction Amount: $15,000,000
- Date: 04/08/2022
- Address: 1301 W. Elizabeth Ave
- Market: Linden
- SF: 138,000
- Price per Square Foot: $109
The buyer of the property is Gold Tree Management, while JRT Realty acted as the seller. Jordan Metz, Steve Bussel, and Gregory Irving, representing Bussel Realty Corp., played a crucial role as brokers in the transaction.
On the Map
$15,000,000
$108/SF
Industrial
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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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93