facebook

traded

+ Submit
Home

/

Deals

/

New Jersey

/

Industrial

/

Sale

/

801 Jerusalem Road

South Avenue Holdings Acquires Industrial Building In Scotch Plains For $1.26M
SOLDIndustrial

South Avenue Holdings Acquires Industrial Building In Scotch Plains For $1.26M

801 Jerusalem Road

$1,260,000

Building Size

Asset Type

Industrial

Closing

Jan 10, 2024

AI

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.

Players

Jeffrey Goldfinger

Bussel Realty

Broker

$5.6M

vol

4 deals

Broker

Scotch Plains Industrial Market Snapshot

Boundary boundary · Industrial · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.59%

Cash-on-Cash

-3.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93