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
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