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South Avenue Holdings Acquires Industrial Building In Scotch Plains For $1.26M
SOLD
$1,260,000
New Jersey
See Similar DealsIndustrial
Sold 01/10/2024
SOLD
South Avenue Holdings Acquires Industrial Building In Scotch Plains For $1.26M
801 Jerusalem Road
See Similar DealsIndustrial
Sold 01/10/2024
Summary
NEW JERSEY
Asset Type:Industrial
Transaction Type:Sale
Bussel Realty Corp facilitated the sale of a 5,600 sq ft industrial building in Scotch Plains. The property is located at 801 Jerusalem Road and was acquired by South Avenue Holdings for $1.26 million. The strategic location of the building near major routes and the Garden State Parkway was a key factor in the acquisition.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $1,260,000
- Address: 801 Jerusalem Road
- Market: Scotch Plains
Jeffrey Goldfinger from Bussel Realty represented the seller, 801 Jerusalem Road LLC, in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$67,200.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,476.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,973.04
Annual Debt Service$71,676.51
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