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2461 Iorio St, Union, NJ, USA

Rcg Realty LLC Acquires Industrial Property In Union For $3.25M
SOLDIndustrial

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

RL
Rcg Realty LLCBuyer

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