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

Property Image
SOLD
$3,200,000
Steve Bussel
Jeffrey Goldfinger

New Jersey

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Industrial18,200 SF
Sold 07/16/2024
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Property Image
SOLD

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

936-940 South Elmora Avenue

See Similar Deals
Industrial18,200 SF
Sold 07/16/2024
Steve Bussel
Jeffrey Goldfinger
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:Industrial
Price Per Square Foot:$175
Total Square Footage:18,200 SF
Transaction Type:Sale

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
Jeffrey Goldfinger
4 deals$5.6M volume(908) 405-7447
BROKER
Steve Bussel
Bussel Realty
Steve Bussel
9 deals$44.7M volume
BROKER

Details

SOLD
IMAGE: Jeffrey Goldfinger & Steve Bussel DATE: 07/16/2024 ADDRESS: 936-940 South Elmora Avenue MARKET: Elizabeth ASSET TYPE: Industrial SELLER: 936 South Elmora Avenue LLC BROKERS: Jeffrey Goldfinger & Steve Bussel - Bussel Realty (@BusselRealty) SALE PRICE: $3,200,000 SF: 18,200 ~ PPSF: $176 NOTE: Bussel Realty Corp. facilitated the $3.2 million sale of an 18,200-square-foot industrial building at 936-940 S. Elmora Ave. in Elizabeth to Heaven Investments LLC. The property features office space, ample parking, and convenient access to major transportation routes, including the New Jersey Turnpike and Newark Liberty International Airport.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$170,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,368.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,169.63
Annual Debt Service$182,035.59