Hadaf Printing Acquires Industrial Asset From Jimmy Khalifah For $2.15M In Linden
1723 Pennsylvania Avenue
$2,150,000
$292/SF
Building Size
7,346 SF
Asset Type
Industrial
Closing
Jul 1, 2026
AI
The industrial property located at 1723 Pennsylvania Avenue in Linden has been sold for $2,150,000. The asset encompasses a total floor area of 7,346 square feet, resulting in a price per square foot of $292.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $2,150,000
- Buyer: Hadaf Printing
- Seller: Jimmy Khalifah
- Broker: Yanni Marmarou - Investment Property Realty Group (IPRG)
The transaction involved Hadaf Printing acquiring the property from seller Jimmy Khalifah, with Yanni Marmarou representing the seller in this deal. The successful completion of this sale marks a significant event in the local market.
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
7.38%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93