Westfield Ave Realty LLC Acquires Industrial Property In Roselle Park For $4.65M
SOLD
$4,650,000
New Jersey
See Similar DealsIndustrial80,000 SF
Sold
SOLD
Westfield Ave Realty LLC Acquires Industrial Property In Roselle Park For $4.65M
180 Westfield Avenue West, Roselle Park, NJ, USA
See Similar DealsIndustrial80,000 SF
Sold
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$58
Total Square Footage:80000 SF
Transaction Type:Sale
Westfield Ave Realty LLC has acquired a industrial property located at 180 Westfield Avenue in Roselle Park. The property spans approximately 80,000 square feet and was sold for a price of $4,650,000, resulting in a price per square foot of $58. The transaction took place on January 20, 2021.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $4,650,000
- Address: 180 Westfield Avenue
- Market: Roselle Park
The buyer, Westfield Ave Realty LLC, acquired the property from the seller, Ramani Group LLC. The deal was facilitated by brokers Sheneeza Ali and Eric Heller from Lee & Associates.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$247,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,520.47
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,043.37
Annual Debt Service$264,520.47
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