Updated Dec 19, 2023
Marcus & Millichap Brokers Sell School In Hillsborough, NJ For $3.8M
756 Route 206, Hillsborough Township, NJ, USA
$3,805,000
$387/SF
Building Size
9,832 SF
Asset Type
Other
Closing
Aug 20, 2020
About this deal
AI
Located at 756 Route 206 in Hillsborough, NJ, this school property was recently sold in a closed transaction. The sale was facilitated by Alan Cafiero, Brent Hyldahl, and Ben Sgambati of Marcus & Millichap. The property spans 9,832 square feet, with a sale price of $3,805,000. This amounts to a price per square foot of $387.
Summary of transaction details
- Property Type: School
- Transaction Amount: $3,805,000
The successful sale of this school property involved the expertise of Alan Cafiero, Brent Hyldahl, and Ben Sgambati from Marcus & Millichap. Their representation ensured a smooth transaction for all parties involved.
Players
Hillsborough Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93