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700 Swenson Drive

Sheet Metal Workers Local Union 22 Acquires Industrial Property In Kenilworth For $3.4M
SOLDIndustrial

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

Richard Goski

NAI Global

Broker

$26.6M

vol

8 deals

Broker

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