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Private Investor Acquires 1.6 Acre Development Site In Wayne From Tozzo Route 46 LLC For $1.1M
SOLD
$1,100,000
New Jersey
See Similar DealsDevelopment Site
Sold 09/24/2025
SOLD
Private Investor Acquires 1.6 Acre Development Site In Wayne From Tozzo Route 46 LLC For $1.1M
461 Us Route 46
See Similar DealsDevelopment Site
Sold 09/24/2025
Summary
NEW JERSEY
Asset Type:Development Site
Transaction Type:Sale
A 1.6-acre development site located at 461 Route 46 in Wayne was sold. The site was purchased for a total of $1,100,000.
Summary of transaction details:
- Property Type: Development Site
- Transaction Amount: $1,100,000
- Address: 461 Route 46
- Market: Wayne
- Seller: Tozzo Route 46 LLC
- Broker: Marta Villa - CBRE
Marta Villa of CBRE represented the seller, Tozzo Route 46 LLC, in the transaction and was also responsible for procuring the buyer, a private investor.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
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