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404 S Main St, Lacey, New J...

Investors Bank Refinances Retail Property In Lacey, NJ For $3.865M
FINANCEDRetail

Investors Bank Refinances Retail Property In Lacey, NJ For $3.865M

404 S Main St, Lacey, New Jersey 08731, United States

$3,865,000

$264/SF

Building Size

14,600 SF

Asset Type

Retail

Closing

Jan 12, 2022

AI

Located at 404-416 S. Main Street in Lacey, NJ, this retail property spans 14,600 square feet. The property was recently involved in a loan transaction.

Summary of transaction details

The loan, provided by Investors Bank, was for a refinance of the property. The transaction was facilitated by brokers Gabby Cali and Jack Subers from Progress Capital.

Players

Gabby Cali

Cali Capital

Broker

$157.7M

vol

32 deals

Broker
Investors Bank
Investors BankLender

Ed Doherty

Landlord

$15.1M

vol

3 deals

Landlord

Forked River Retail Market Snapshot

Boundary boundary · Retail · Loan transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.10%

Cash-on-Cash

-1.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93