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936-940 South Elmora Avenue

Heaven Investments LLC Acquires Industrial Building In Elizabeth For $3.2M
SOLDIndustrial

Heaven Investments LLC Acquires Industrial Building In Elizabeth For $3.2M

936-940 South Elmora Avenue

$3,200,000

$175/SF

Building Size

18,200 SF

Asset Type

Industrial

Closing

Jul 16, 2024

AI

An 18,200-square-foot industrial building located at 936-940 South Elmora Avenue in Elizabeth was sold for $3,200,000. The property offers office space, ample parking, and convenient access to major transportation routes, including the New Jersey Turnpike and Newark Liberty International Airport.

Summary of transaction details:

Bussel Realty Corp. facilitated the transaction, representing both the seller, 936 South Elmora Avenue LLC, and the buyer, Heaven Investments LLC. The sale of this industrial property signifies a successful deal closed on 07/16/2024 by Jeffrey Goldfinger and Steve Bussel, showcasing their expertise in the Elizabeth market.

Players

Jeffrey Goldfinger

Bussel Realty

Broker

$5.6M

vol

4 deals

Broker

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

4.96%

Cash-on-Cash

-1.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93