Unknown Buyer Acquires Property In Ewing Township For $5.5 Million With Seller's Rep Jason Petrick
SOLD
$5,500,000
New Jersey
See Similar DealsCommercial
SOLD
Unknown Buyer Acquires Property In Ewing Township For $5.5 Million With Seller's Rep Jason Petrick
1300 Sylvia Street
See Similar DealsCommercial
Summary
NEW JERSEY
Asset Type:Commercial
Transaction Type:Sale
A newly constructed Wawa convenience store/gas station was sold at 1300 Silvia Street in Ewing Township, NJ, for a transaction amount of $5,500,000. The property does not have a specified square footage, and it is situated in a location approximately four miles northwest of Trenton. The capitalization rate for this sale is below 5 percent.
Summary of transation details:
- Property Type: Convenience Store/Gas Station
- Transaction Amount: $5,500,000.00
- Address: 1300 Silvia St, Ewing Township, NJ
- Seller's Representative: Jason Petrick - Marcus & Millichap
- Buyer: Unknown
- Seller: Private REIT
Jason Petrick of Marcus & Millichap played a pivotal role in representing the seller and successfully procured the buyer through a 1031 exchange. This transaction involved the sale of a property owned by a private Real Estate Investment Trust (REIT), emphasizing the active participation of Marcus & Millichap in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$293,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,540.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,072.81
Annual Debt Service$312,873.67
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