A Pita Pocket Acquires Industrial Property In Roselle For $1.3M
217 East Highland Parkway, Roselle, NJ, USA
$1,326,000
$112/SF
Building Size
11,800 SF
Asset Type
Industrial
Closing
Apr 26, 2021
AI
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.
Players
Roselle 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
11.96%
Cash-on-Cash
-3.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93