KPR Purchases Concordia Shopping Center In Monroe Township For $32.3 Million
1600 Perrineville Rd, Monroe Townshi...
$32,299,999
$239/SF
Building Size
135,090 SF
Asset Type
Retail
Closing
Nov 19, 2023
About this deal
AI
The Concordia Shopping Center, located at 1600 Perrineville Road, Monroe Township, has been sold for $32,299,999.00. This retail center spans 135,090 square feet and was reported to be 95 percent leased at the time of the sale. Key tenants include Stop & Shop, UPS, and Monroe Physical Therapy.
Summary of transaction details:
- Property Type: Retail Center
- Transaction Amount: $32,299,999.00
- Address: 1600 Perrineville Rd, Monroe Township
- Seller: Concordia Shopping Manager Corp
- Buyer: KPR
- Seller's Representatives: Christopher "Chris" Munley-JLL, James "Jim" Galbally-JLL
- Size: 135,090 square feet
The transaction was facilitated by a team from JLL, led by Chris Munley, Jose Cruz, and James Galbally, representing the seller, Concordia Shopping Manager Corp. The buyer is a joint venture of KPR and DRA Advisors.
Players
Market Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Deal FAQ
Visit James "Jim" Galbally to view all their deals.
Browse this market retail sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.49%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93