Team Resources Inc. Sells Industrial Property In Elizabeth For $2.15M
SOLD
$2,150,000
New Jersey
See Similar DealsIndustrial16,200 SF
Sold
SOLD
Team Resources Inc. Sells Industrial Property In Elizabeth For $2.15M
419 Trumbull St, Elizabeth, NJ 07206, USA
See Similar DealsIndustrial16,200 SF
Sold
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$132
Total Square Footage:16200 SF
Transaction Type:Sale
A industrial property located at 419 Trumbull Street in Elizabeth was recently sold for a price of $2,150,000. The property spans across an area of 16,200 square feet, resulting in a price per square foot of $133. This transaction took place on September 18, 2020.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $2,150,000
- Address: 419 Trumbull Street
The sale of this industrial property was facilitated by Greg Sholom and David Cantor from Team Resources Inc. They acted as the brokers for this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$114,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,638.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,192.10
Annual Debt Service$122,305.16
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