Daily limit: 0/10
Sheet Metal Workers Local Union 22 Acquires Industrial Property In Kenilworth For $3.4M
SOLD
$3,400,000
New Jersey
See Similar DealsIndustrial12,607 SF
Sold 11/14/2023
SOLD
Sheet Metal Workers Local Union 22 Acquires Industrial Property In Kenilworth For $3.4M
700 Swenson Drive
See Similar DealsIndustrial12,607 SF
Sold 11/14/2023
Summary
NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$269
Total Square Footage:12,607 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$181,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,079.50
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,117.73
Annual Debt Service$193,412.82
Is there something missing? Send suggestions