Updated Dec 21, 2023
Century 21 Acquires Development Site In Jackson Township For $5M
135 East Commodore Boulevard, Jackson Township, New Jersey 08527, United States
$5,000,000
$9/SF
Building Size
540,000 SF
Asset Type
Development Site
Closing
Mar 15, 2022
About this deal
AI
A development site located at 135 E Commodore Blvd in Jackson Township, was recently sold for a price of $5,000,000. The property spans approximately 12 acres and is zoned for Highway Commercial use. At the time of the sale, no approvals were in place.
Summary of transation details
- Property Type: Development Site
- Transaction Amount: $5,000,000
- Date: 03/16/2022
- Address: 135 E Commodore Blvd, Jackson Township
- Market: Jackson Township
The sale was facilitated by Bernie Gutherz from CENTURY 21. The buyer and seller were not mentioned in the provided information. The development site has a building square footage of approximately 100,000, resulting in a price per buildable square footage (PPBSF) of $50. The overall land area spans 540,000 square feet, leading to a price per square foot (PPSF) of $9.
Players
Jackson Development Site Market Snapshot
Boundary boundary · Development Site · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93