Updated Mar 11, 2025
Manasquan Bank Refinances Retail Property In Whitehouse Station, NJ For $2.5M
545 US-22 Whitehouse Station, NJ 08889, USA
$2,500,000
$85/SF
Building Size
29,160 SF
Asset Type
Retail
Closing
Apr 28, 2023
About this deal
AI
The retail property located at 545-547 Rt 22 in Whitehouse Station, NJ has been involved in a recent loan transaction. The property spans approximately 29,160 square feet and is owned by Commerce Park Investors, represented by Roy Pascal, Bruce Jeffery, and Vince Castagno.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,500,000
Manasquan Bank provided a loan of $2,500,000 to Commerce Park Investors for the property located at 545-547 Rt 22 in Whitehouse Station, NJ. The loan type was a refinance. Progress Capital, represented by Caillin Boles, served as the broker for this transaction.
On the Map
$2,500,000
$85/SF
Retail
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Players
New Jersey 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93