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
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