Mixed-use Property Sold In Union For $2.35M With Brokers Stephen R. Preuss Sr. And Team
2010 2012 Morris Avenue
$2,350,000
$163/SF
Building Size
14,365 SF
Asset Type
Mixed-use
Closing
Aug 24, 2025
AI
A mixed-use property located at 2010-2012 Morris Avenue in Union has been sold for $2,350,000. The property encompasses a total area of 14,365 square feet, resulting in a price per square foot of $163.
Summary of transation details:
- Property Type: Mixed-use
- Transaction Amount: $2,350,000
- Address: 2010-2012 Morris Avenue
- Market: Union
- Square Footage: 14,365
- Price per Square Foot: $163
This transaction involved multiple brokers from Ripco, namely Stephen R. Preuss Sr., Kevin Louie, Eric Delafraz, Lisa Rica, and David Morrow, who facilitated the sale of the property.
Players
Union Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.75%
Cash-on-Cash
-1.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93