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1301 West Elizabeth Avenue,...

Gold Tree Management Acquires Industrial Property In Linden For $15M
SOLDIndustrial

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

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.

Players

Jordan Metz

Bussel Realty

Broker

$140.7M

vol

40 deals

Broker
GM
Gold Tree ManagementBuyer

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