DWS Purchases Manasquan Property At 2439 Nj-34 For $41.5 Million With JLL's Representation
SOLD
$41,500,000
New Jersey
See Similar Deals99,070 SF
SOLD
DWS Purchases Manasquan Property At 2439 Nj-34 For $41.5 Million With JLL's Representation
2439 Nj-34, Manasquan, NJ, 08736
See Similar Deals99,070 SF
Summary
NEW JERSEY
Price Per Square Foot:$418
Total Square Footage:99,070 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$2,213,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$147,440.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$196,731.17
Annual Debt Service$2,360,774.07
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