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24 Perry Street & 15 Semina...

NAI James E. Hanson Brokers Sell Chester, NJ Retail Property For $2.25M
SOLDRetail

NAI James E. Hanson Brokers Sell Chester, NJ Retail Property For $2.25M

24 Perry Street & 15 Seminary Ave

$2,250,000

$189/SF

Building Size

11,900 SF

Asset Type

Retail

Closing

Feb 28, 2023

AI

The retail property located at 24 Perry Street & 15 Seminary Ave in Chester, NJ has been sold for $2,250,000. The property spans 11,900 square feet, resulting in a price per square foot of $189.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $2,250,000
  • Address: 24 Perry Street & 15 Seminary Ave, Chester, NJ
  • Market: Chester, NJ
  • SF: 11,900
  • PPSF: $189

The sale of this retail property was facilitated by Jonathan Kristofich and John Schilp of NAI James E. Hanson.

Players

John Schilp

NAI Global

Broker

$18.5M

vol

6 deals

Broker

Market Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.05%

Cash-on-Cash

-2.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93