Updated Aug 28, 2026
Erik Smith Acquires Commercial Property From Jacob Jones For $1,250,000 In Toms River
9 Flint Road
$1,250,000
$96/SF
Building Size
13,000 SF
Asset Type
Commercial
Closing
Aug 10, 2026
About this deal
AI
This commercial asset, located at 9 Flint Road in Toms River, has a sale price of $1,250,000. The property encompasses 13,000 square feet, resulting in a price per square foot of $96.
Summary of transaction details:
- Property Type: Commercial
- Transaction Amount: $1,250,000
- Address: 9 Flint Road
- Market: Toms River
- Square Footage: 13,000
- Price per Square Foot: $96
- Buyer: Erik Smith
- Seller: Jacob Jones
- Brokers: Isaac Nussbaum & Margaret Cooper - Real Broker
In this transaction, Erik Smith is noted as the buyer while Jacob Jones is the seller. The deal was facilitated by brokers Isaac Nussbaum and Margaret Cooper from Real Broker, representing the interests of the involved parties.
Players
Toms River 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
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93