Bought with Jason Horowitz • Triforce Commercial Real Estate LLC
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Key Details
Sold Price $1,200,000
Property Type Single Family Home
Sub Type Industrial
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 21043494
Sold Date 02/13/22
Style Industrial
Annual Tax Amount $13,300
Property Description
1,914 +/- SF building which sits upon a 0.84 acre lot in Elmwood Park, NJ. The Tenant has 4.5 years left on their lease. They are paying $1,400 per month plus the taxes and insurance. There is a double sided billboard facing both the Garden State Parkway & Route 80. There is a 12 year lease in place with a guaranteed rent of $15,000 annually plus 30% of the net proceeds. Total gross rent is between $25,000-$30,000/year. There are approvals in place for 16 containers (8 feet x 40 feet - 9'6'' high - with 2-4 roll up doors per container) to line the property. The specifics are shown in the site plan. AS-IS. Phase 1 Clean. No wet lands. Possibility of Owner financing with 20% down payment. Current asking price : $1,200,000, as-is. The property has been cleared of all trees.
Location
State NJ
County Bergen
Area Elmwood Park
Interior
Heating Gas
Exterior
Utilities Available O/See Rmks
Waterfront Description None
Others
Ownership Private
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Lucas Wolf
Broker of Record/Owner | License ID: 0903676
Broker of Record/Owner License ID: 0903676