Marcus & Millichap Sells Development Site In Jackson, NJ For $2.7M
680 Bennetts Mills Road, Jackson, NJ 08527, USA
$2,700,000
$8/SF
Building Size
304,920 SF
Asset Type
Development Site
Closing
Sep 15, 2021
AI
An 7-acre development site located at 680 Bennetts Mills Road in Jackson, NJ has been sold for a price of $2,700,000. The sale transaction took place on September 15, 2021. The property is a development site, offering potential for future construction and expansion.
Summary of transaction details
- Property Type: Development Site
- Transaction Amount: $2,700,000
- Address: 680 Bennetts Mills Road
- Market: Jackson, NJ
- Size: 7 acres
The sale was facilitated by Alan Cafiero, Ben Sgambati, and David Cafiero from Marcus & Millichap. They represented the buyer and seller in this transaction, providing brokerage services to ensure a successful deal.
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
5.88%
Cash-on-Cash
-1.68%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93