Gold Tree Management Acquires Industrial Property In Linden For $15M
SOLD
$15,000,000
New Jersey
See Similar DealsIndustrial138,000 SF
Sold 04/08/2022
SOLD
Gold Tree Management Acquires Industrial Property In Linden For $15M
1301 West Elizabeth Avenue, Linden, New Jersey 07036, United States
See Similar DealsIndustrial138,000 SF
Sold 04/08/2022
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$108
Total Square Footage:138,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$799,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$53,291.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$71,107.65
Annual Debt Service$853,291.83
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