Sheet Metal Workers Local Union 22 Acquires Industrial Property In Kenilworth For $3.4M
700 Swenson Drive
$3,400,000
$269/SF
Building Size
12,607 SF
Asset Type
Industrial
Closing
Nov 14, 2023
AI
Sheet Metal Workers Local Union 22 has acquired a 12,607-square-foot industrial property located at 700 Swenson Drive in Kenilworth. The property was purchased from Alloy Cast Products for a total of $3,400,000, at a price per square foot of $270. The transaction took place on November 14, 2023. Catherine Goski-Vasquez and Richard Goski of NAI DiLeo-Bram & Co. represented both the buyer and the seller in the deal.
Summary of transaction details
- Property Type: Industrial
- Transaction Amount: $3,400,000
- Square Footage: 12,607
- Price per Square Foot: $270
- Address: 700 Swenson Drive, Kenilworth
The Sheet Metal Workers Local Union 22 was represented by Catherine Goski-Vasquez and Richard Goski from NAI DiLeo-Bram & Co., while Alloy Cast Products was also represented by Richard Goski and Catherine Goski-Vasquez.
Players
Kenilworth 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
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93