Comfort Keepers Acquires Mixed-Use Building In Hamilton For $1 Million With Fennelly Associates
2670 Nottingham Way
$1,000,000
$133/SF
Building Size
7,500 SF
Asset Type
Mixed-use
Closing
Sep 17, 2024
AI
A mixed-use building located at 2670 Nottingham Way in Hamilton has been sold for $1,000,000. The property encompasses a total area of 7,500 square feet, with a price per square foot of $133. It features office, retail, and warehouse space, along with 23 parking spaces and convenient access to I-295.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $1,000,000
- Address: 2670 Nottingham Way
- Market: Hamilton
- Square Footage: 7,500
- Price Per Square Foot: $133
- Buyer: Comfort Keepers
- Broker Representatives: Jerry Fennelly & Patrick Dintrone - Fennelly Associates
Fennelly Associates facilitated the transaction, playing a pivotal role in arranging the sale of the property. The buyer, Comfort Keepers, has acquired this asset for its operational needs, taking advantage of the property's mixed-use design and strategic location.
Players
Trenton 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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93