Security 2K Acquires Mixed-Use Asset In Brick, NJ For $895,000
301 Drum Point Road, Brick Township, NJ, USA
$895,000
$131/SF
Building Size
6,800 SF
Asset Type
Mixed-use
Closing
Jun 24, 2020
AI
A mixed-use property located at 297-301 Drum Point Rd in Brick, NJ has been sold in a recent transaction. The property, spanning 6,800 square feet, was sold by CLR LLC to Security 2K. The transaction was facilitated by broker Jarrad Coletta.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $895,000
- Date: 06/24/2021
- Market: Brick, NJ
- Square Footage: 6,800
- Price per Square Foot: $132
- Seller: CLR LLC
- Buyer: Security 2K
In this transaction, CLR LLC sold the mixed-use property located at 297-301 Drum Point Rd in Brick, NJ to Security 2K. The property spans 6,800 square feet and was sold for a price of $895,000, resulting in a price per square foot of $132. The sale was facilitated by broker Jarrad Coletta.
Brick Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
17.72%
Cash-on-Cash
-5.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93