Security 2K Acquires Mixed-Use Asset In Brick, NJ For $895,000
SOLD
$895,000
New Jersey
See Similar DealsMixed-use6,800 SF
Sold 06/24/2020
SOLD
Security 2K Acquires Mixed-Use Asset In Brick, NJ For $895,000
301 Drum Point Road, Brick Township, NJ, USA
See Similar DealsMixed-use6,800 SF
Sold 06/24/2020
Summary
NEW JERSEY
Asset Type:Mixed-use
Price Per Square Foot:$131
Total Square Footage:6,800 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$47,733.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,179.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,242.76
Annual Debt Service$50,913.08
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