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461 Us Route 46

Private Investor Acquires 1.6 Acre Development Site In Wayne From Tozzo Route 46 LLC For $1.1M
SOLDDevelopment Site

Private Investor Acquires 1.6 Acre Development Site In Wayne From Tozzo Route 46 LLC For $1.1M

461 Us Route 46

$1,100,000

Building Size

Asset Type

Development Site

Closing

Sep 24, 2025

AI

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.

Players

Marta Villa

CBRE

Broker

$10.1M

vol

15 deals

Broker
CBRE
CBREBrokerage

Fairfield 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

14.42%

Cash-on-Cash

-4.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93