A Pita Pocket Acquires Industrial Property In Roselle For $1.3M
SOLD
$1,326,000
New Jersey
See Similar DealsIndustrial11,800 SF
Sold 04/27/2021
SOLD
A Pita Pocket Acquires Industrial Property In Roselle For $1.3M
217 East Highland Parkway, Roselle, NJ, USA
See Similar DealsIndustrial11,800 SF
Sold 04/27/2021
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$112
Total Square Footage:11,800 SF
Transaction Type:Sale
An industrial property located at 217 E. Highland Parkway in Roselle has been sold for $1,326,000. The property spans 11,800 square feet, resulting in a price per square foot of $112. The transaction took place on April 27, 2021. The seller of the property was Moshe Katz, while the buyer was A Pita Pocket.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $1,326,000
- Square Footage: 11,800
- Price per Square Foot: $112
- Date: April 27, 2021
- Address: 217 E. Highland Parkway, Roselle
- Market: Roselle
Representing the buyer and seller in this transaction were brokers Eli Harari, Jordan Metz, and Eric Koons from Bussel Realty Corp.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$70,720.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,710.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,285.92
Annual Debt Service$75,431.00
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