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
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