Updated Jul 31, 2026
Carl SanFilippo And Olivier Louis Of CMS Property Management Acquire Commercial Asset In Ewing For $3.75M
172 Scotch Road
$3,750,000
$113/SF
Building Size
33,000 SF
Asset Type
Commercial
Closing
Feb 25, 2026
About this deal
AI
The transaction involved a commercial property located at 172-250 Scotch Rd in Ewing, which was sold for $3,750,000. The property encompasses 33,000 square feet, translating to a price per square foot of $113.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $3,750,000
- Buyer: Carl SanFilippo & Olivier Louis - CMS Property Management
- Title Company: Emily Reiser - First Team Title
In this transaction, Carl SanFilippo and Olivier Louis represented CMS Property Management as the buyers, indicating their focus on acquiring properties with potential value-add opportunities across New Jersey. Notably, they are interested in strip centers with various characteristics including below-market rents, vacancy or lease-up opportunities, expiring leases, management inefficiencies, and redevelopment or repositioning potential.
Players
Ewing Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.23%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93