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570 Egg Harbor Road, Sewell...

Avison Young Facilitates $3.7M Sale Of Medical Office In Sewell
SOLDOffice

Avison Young Facilitates $3.7M Sale Of Medical Office In Sewell

570 Egg Harbor Road, Sewell, NJ, USA

$3,700,000

$246/SF

Building Size

15,000 SF

Asset Type

Office

Closing

Mar 17, 2021

AI

A medical office located at 570 Egg Harbor Road in Sewell has been sold for $3,700,000. The property spans 15,000 square feet, resulting in a price per square foot of $247. This transaction took place on March 18, 2021. The sale was facilitated by Scott Martin of Avison Young, who represented the involved parties.

Summary of transaction details

  • Property Type: Medical Office
  • Transaction Amount: $3,700,000
  • Address: 570 Egg Harbor Road, Sewell
  • Square Footage: 15,000
  • Price per Square Foot: $247
  • Market: Sewell

Scott Martin of Avison Young played a crucial role as the broker in this transaction. His expertise and representation were instrumental in facilitating the sale of the medical office.

Players

Scott Martin

Avison Young

Broker

$45.2M

vol

6 deals

Broker

Sewell Office Market Snapshot

Boundary boundary · Office · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.29%

Cash-on-Cash

-1.23%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93