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Rock Bros LLC Acquires Industrial Property In Elizabeth For $2.2M

Property Image
SOLD
$2,200,000
Eric Koons
Jordan Metz

New Jersey

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Industrial9,950 SF
Sold 08/17/2022
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Property Image
SOLD

Rock Bros LLC Acquires Industrial Property In Elizabeth For $2.2M

758 Lidgerwood Avenue, Elizabeth, New Jersey 07202, United States

See Similar Deals
Industrial9,950 SF
Sold 08/17/2022
Eric Koons
Jordan Metz
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$221
Total Square Footage:9,950 SF
Transaction Type:Sale

The industrial property located at 758 Lidgerwood Ave in Elizabeth has recently been sold for a price of $2,200,000. This property, with a total area of 9,950 square feet, was acquired by Rock Bros LLC from the seller Oliverino LLC. The transaction took place on August 17, 2022, and the property's market is the Elizabeth area.

Summary of transaction details

  • Property Type: Industrial
  • Transaction Amount: $2,200,000
  • Address: 758 Lidgerwood Ave
  • Market: Elizabeth
  • Buyer: Rock Bros LLC
  • Seller: Oliverino LLC
  • Brokers: Jordan Metz, Eric Koons & Benito Abbate - Bussel Realty Corp
  • Square Footage: 9,950
  • Price per Square Foot: $221

The deal was facilitated by Jordan Metz, Eric Koons, and Benito Abbate from Bussel Realty Corp, who represented the buyer and seller in this transaction.

Players

Jordan Metz
Bussel Realty
Jordan Metz
38 deals$140.7M volume
BROKER
Eric Koons
Bussel Realty
Eric Koons
14 deals$39.9M volume
BROKER

Details

SOLD
IMAGE: Jordan Metz & Eric Koons DATE: 08/17/2022 ADDRESS: 758 Lidgerwood Ave MARKET: Elizabeth ASSET TYPE: Industrial BUYER: Rock Bros LLC SELLER: Oliverino LLC BROKERS: Jordan Metz, Eric Koons & Benito Abbate - Bussel Realty Corp SALE PRICE: $2,200,000 SF: 9,950 ~ PPSF: $221

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Deal Type
Operating Income
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,816.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,429.12
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