Rcg Realty LLC Acquires Industrial Property In Union For $3.25M
2461 Iorio St, Union, NJ, USA
$3,250,000
$316/SF
Building Size
10,258 SF
Asset Type
Industrial
Closing
Mar 11, 2021
AI
The industrial property located at 2461 Iorio St in the Union market has been sold. The property spans 10,258 square feet and was sold for a price of $3,250,000, resulting in a price per square foot of $317. The transaction took place on 03/12/2021.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,250,000
- Address: 2461 Iorio St
- Market: Union
- Square Footage: 10,258
- Price per Square Foot: $317
The buyer of the property is Rcg Realty LLC. No additional information about the buyer or the seller is available at this time.
Players
Union 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
4.88%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93