Sri Nivas Acquires Retail Property In Edison For $11M
1001 US-1 Avenel, NJ 07001, USA
$11,000,000
$114/SF
Building Size
96,000 SF
Asset Type
Industrial
Closing
Apr 28, 2023
AI
The retail property located at 1001 US Route 1 in Edison has been sold for $11,000,000. The property spans across 96,000 square feet with a price per square foot of $115. The transaction took place on 04/28/2023.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $11,000,000
- Address: 1001 US Route 1
- Market: Edison
- Size: 96,000 square feet
- Price per Square Foot: $115
Sri Nivas is the buyer of the property, while Jimmy Choi acted as the seller. Raj Whadwa from Global Reality Services represented both parties as the broker in this transaction.
New Jersey Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93