Forge Real Estate Partners III Sells Retail Property For $19.4M In Union City, NJ
4550 Jonesboro Road, Union City, GA, USA
$19,400,000
$191/SF
Building Size
101,174 SF
Asset Type
Retail
Closing
Aug 25, 2021
About this deal
AI
Located at 4550 Jonesboro Road in Union City, NJ, this retail property was recently sold in a closed transaction. The sale was facilitated by Forge Real Estate Partners III, with the assistance of Kyle Stonis and Pierce Mayson from SRS' Investment Properties Group.
Summary of transaction details:
- Property Type: Retail
- Sale Price: $19,400,000
- Square Footage: 101,174
- Price per Square Foot: $192
- Date: August 25, 2021
- Market: Union City, NJ
Kyle Stonis and Pierce Mayson, representing SRS' Investment Properties Group, played a crucial role in the sale of this retail property. Their expertise and efforts contributed to the successful completion of the transaction.
Players
Union City Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.82%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93