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2231 Landmark Place, Manasq...

Shore Property No2 LLC Acquires Mixed-Use Property In Wall Township For $7.7M
SOLDMixed-use

Shore Property No2 LLC Acquires Mixed-Use Property In Wall Township For $7.7M

2231 Landmark Place, Manasquan, New Jersey 08736, United States

$7,700,000

$198/SF

Building Size

38,762 SF

Asset Type

Mixed-use

Closing

Sep 20, 2022

AI

Located at 2231 Landmark Place in Wall Township, this mixed-use property spans over 3.49 acres. The transaction took place on 09/21/2022, with the purchase being facilitated by Shore Property No2 LLC from the seller, Manasquan Bank. The property is represented by brokers Douglas Sitar and Robert JanTausch from Sitar Realty Co. The sale price of this property was $7,700,000, with a total square footage of 38,762 and a price per square foot of $199.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $7,700,000
  • Address: 2231 Landmark Place
  • Market: Wall Township
  • Acres: 3.49

Douglas Sitar and Robert JanTausch, representing Sitar Realty Co., played a pivotal role in facilitating this transaction. They provided expert guidance and expertise throughout the deal, ensuring a smooth and successful closing for both the buyer and seller.

Players

Robert JanTausch

Sitar Realty Company

Broker

$7.7M

vol

1 deal

Broker
Manasquan Bank
Manasquan BankSeller

Manasquan Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.06%

Cash-on-Cash

-0.59%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93