ALTO Real Estate Funds Acquires Property From FCA In Toms River For $21.1M
SOLD
$21,100,000
New Jersey
See Similar Deals120,653 SF
SOLD
ALTO Real Estate Funds Acquires Property From FCA In Toms River For $21.1M
1350 Hooper Ave, Toms River, NJ, 08753
See Similar Deals120,653 SF
Summary
NEW JERSEY
Price Per Square Foot:$174
Total Square Footage:120,653 SF
Transaction Type:Sale
The transaction involved a property located at 1350 Hooper Ave, Toms River, NJ, 08753. This asset was sold for a transaction amount of $21,100,000.00, encompassing a total square footage of 120,653, and is situated within the Toms River market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $21,100,000.00
- Address: 1350 Hooper Ave, Toms River, NJ, 08753
- Market: Toms River
- Seller: FCA
- Buyer: ALTO Real Estate Funds
- Seller's Representative: Kevin O’Hearn (JLL)
Key individuals involved in this transaction include Kevin O’Hearn, representing the seller FCA, and ALTO Real Estate Funds as the buyer of the property. The transaction marks a significant change of ownership in the specified market, facilitated by the representation of JLL.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,125,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$74,963.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$100,024.76
Annual Debt Service$1,200,297.18
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