CRE8 Equities Acquires Retail Property In Stratford, NJ For $4.6M
222 S White Horse Pike, Stratford, NJ 08084美国
$4,625,000
$112/SF
Building Size
41,109 SF
Asset Type
Retail
Closing
Nov 22, 2022
About this deal
AI
The retail property located at 222 S White Horse Pike in Stratford, NJ has been sold for $4,625,000. The property spans a total area of 41,109 square feet, resulting in a price per square foot of $113. The transaction took place on November 22, 2022.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $4,625,000
- Square Footage: 41,109
- Price per Square Foot: $113
- Address: 222 S White Horse Pike, Stratford, NJ
- Market: Stratford, NJ
The buyer of the property is CRE8 Equities represented by Sheng Zeng and Wayne Sun. Jason Burger, from an undisclosed agency, acted as the buyer's representative in the deal. Kenneth Yanni served as the seller's representative.
Notably, CRE8 Equities is actively seeking shopping center deals nationwide. For any inquiries or potential opportunities, interested parties can contact [email protected].
Players
Stratford Retail Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.43%
Cash-on-Cash
-0.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93