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2439 Nj-34, Manasquan, NJ, ...

DWS Purchases Manasquan Property At 2439 Nj-34 For $41.5 Million With JLL's Representation
SOLD

DWS Purchases Manasquan Property At 2439 Nj-34 For $41.5 Million With JLL's Representation

2439 Nj-34, Manasquan, NJ, 08736

$41,500,000

$418/SF

Building Size

99,070 SF

Asset Type

Closing

Nov 19, 2023

AI

The property involved in the transaction is located at 2439 Nj-34, Manasquan, NJ, 08736. The asset was sold for a price of $41,500,000.00 and has a square footage of 99,070. The market value is situated in the Manasquan area.

Summary of transaction details:

  • Property Type: Not specified
  • Transaction Amount: $41,500,000.00
  • Address: 2439 Nj-34, Manasquan, NJ, 08736
  • Square Footage: 99,070
  • Market: Manasquan
  • Buyer: DWS
  • Seller's Representatives: Kevin O’Hearn-JLL, Christopher "Chris" Munley-JLL

Key individuals involved in the transaction include DWS as the buyer, with Kevin O’Hearn and Christopher "Chris" Munley representing the seller in the deal, both associated with the agency JLL.

Players

Christopher Munley

JLL

Broker

$1.5B

vol

18 deals

Broker
D
DWSBuyer

Manasquan CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.38%

Cash-on-Cash

-0.11%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93