Updated Oct 29, 2024
Pomarco Technologies Sells Industrial Property In Roselle For $2M With Brokers Jordan Metz, Eric Koons & Wellern Yu
218-224 11th Ave, Roselle, NJ, USA
$2,000,000
$100/SF
Building Size
20,000 SF
Asset Type
Industrial
Closing
Mar 8, 2021
About this deal
AI
Pomarco Technologies LLC has sold an industrial property located at 218-224 11th Ave. in Roselle. The property spans 20,000 square feet and was sold for a price of $2,000,000, resulting in a price per square foot of $100.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,000,000
- Market: Roselle
- Seller: Pomarco Technologies LLC
- Brokers: Jordan Metz, Eric Koons & Wellern Yu - Bussel Realty Corp.
- Date: 03/09/2021
Jordan Metz, Eric Koons, and Wellern Yu from Bussel Realty Corp. represented Pomarco Technologies LLC in the transaction.
Players
Roselle Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
Loading comparables…
Deal FAQ
Visit Eric Koons to view all their deals.
Browse New Jersey industrial sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93