Updated Oct 13, 2026
JLL Refinances Barnegat Village Square Shopping Center In Barnegat, NJ With $8.3M Loan From Provident Bank
912 West Bay Avenue
$8,300,000
$117/SF
Building Size
70,491 SF
Asset Type
Retail
Closing
Dec 19, 2023
About this deal
AI
Barnegat Village Square, a grocery-anchored shopping center located at 912 West Bay Avenue in Barnegat, New Jersey, has been successfully refinanced. The 70,491-square-foot retail property, owned by Walters Group and represented by Walter Koppelaar, features a diverse tenant mix and is anchored by ACME Markets. The center boasts a 97% occupancy rate and is strategically located with easy access to major thoroughfares in the Barnegat market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,300,000
- Loan Type: Refinance
- Loan Terms: Ten-year, fixed-rate loan
JLL Capital Markets, represented by brokers Jim Cadranell and Michael Mataras from JLL, facilitated the refinancing deal for Barnegat Village Square. The loan for the property was secured through Provident Bank. The ten-year, fixed-rate loan provides stable financing for the retail asset, ensuring its continued success in the Barnegat market.
On the Map
$8,300,000
$117/SF
Retail
View full map
Players
Barnegat Retail Market Snapshot
Boundary boundary · Retail · Loan transactions
Loading comparables…
Deal FAQ
Visit Jim Cadranell to view all their deals.
Browse Barnegat retail loans on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.91%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93