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217 East Highland Parkway, ...

A Pita Pocket Acquires Industrial Property In Roselle For $1.3M
SOLDIndustrial

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

Jordan Metz

Bussel Realty

Broker

$140.7M

vol

38 deals

Broker

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