Rock Bros LLC Acquires Industrial Property In Elizabeth For $2.2M
758 Lidgerwood Avenue, Elizabeth, New Jersey 07202, United States
$2,200,000
$221/SF
Building Size
9,950 SF
Asset Type
Industrial
Closing
Aug 16, 2022
AI
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
Elizabeth 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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93