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55 Bushes Ln, Elmwood Park,...

Mission Realty Acquires Industrial Building On Bushes Ln In Elmwood Park
SOLDIndustrial

Mission Realty Acquires Industrial Building On Bushes Ln In Elmwood Park

55 Bushes Ln, Elmwood Park, NJ, 07407

Building Size

16,000 SF

Asset Type

Industrial

Closing

Nov 22, 2023

AI

An industrial building spanning 16,000 square feet located at 55-57 Bushes Lane in Elmwood Park, N.J., has been sold in a transaction brokered by NAI James Hanson. The single-story property features 15-foot clear heights and approximately 3,500 square feet of office space. W. Joshua (Josh) Levering and Nicholas (Nick) DePaolera of NAI James Hanson represented the seller, RN Foster Associates LLC, in this deal. The buyer, Bushes Lane Realty Corp, was represented by Mission Realty. The sales price for this transaction was undisclosed.

Summary of transaction details:

  • Property Type: Industrial
  • Transaction Amount: Undisclosed
  • Address: 55 Bushes Ln, Elmwood Park, NJ, 07407
  • Market: Elmwood Park
  • Broker 1: W. Joshua (Josh) Levering(NAI Capital)
  • Broker 2: Nicholas (Nick) DePaolera(NAI Capital)
  • Buyer: Bushes Lane Realty Corp
  • Seller: RN Foster Associates LLC
  • Square Footage: 16,000 SF

The sale of this industrial building underscores the collaborative effort between NAI James Hanson, who represented the seller, and Mission Realty, who worked on behalf of the buyer, Bushes Lane Realty Corp. This transaction showcases the strategic negotiations and expertise of all parties involved in the deal.

Players

W. Joshua Levering

NAI Global

Broker

7 deals

Broker
AL
Associates LLCSeller

Elmwood Park 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93