UniPro International Uniforms Acquires Industrial Property In Hillside For $30M
SOLD
$30,000,000
New Jersey
See Similar DealsIndustrial207 SF
Sold 11/22/2022
SOLD
UniPro International Uniforms Acquires Industrial Property In Hillside For $30M
1319 North Broad Street, Hillside, New Jersey 07205, United States
See Similar DealsIndustrial207 SF
Sold 11/22/2022
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$144,927
Total Square Footage:207 SF
Transaction Type:Sale
The industrial property located at 1319 N. Broad St in Hillside has been sold in a closed transaction. The property spans an area of 4.4 acres and is a key asset in the market.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $30,000,000
- Square Footage: 207,000
- Price per Square Foot: $145
- Address: 1319 N. Broad St, Hillside
The buyer of the property is UniPro International Uniforms, while Sam Kirschenbaum - AH Realty Associates acted as the seller. Ken Rubin from Rubin Realty represented the buyer, UniPro International Uniforms, in the transaction. On the other hand, David Zimmel from Zimmel Associates acted as the seller's representative.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,600,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$106,583.66
Cash-on-Cash Return-1.27%
Monthly Debt Service$142,215.31
Annual Debt Service$1,706,583.66
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