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:
- Property Type: Industrial
- Transaction Amount: $3,200,000
- Address: 936-940 South Elmora Avenue
- Market: Elizabeth
- Seller: 936 South Elmora Avenue LLC
- Brokers: Jeffrey Goldfinger & Steve Bussel - Bussel Realty
- SF: 18,200
- PPSF: $176
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
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