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301 Drum Point Road, Brick ...

Security 2K Acquires Mixed-Use Asset In Brick, NJ For $895,000
SOLDMixed-use

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.

Players

Jarrad Coletta

Coletta Commercial Realty

Broker

$15.1M

vol

10 deals

Broker

Brick 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

17.72%

Cash-on-Cash

-5.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93