Updated Dec 19, 2023
Shawn Simons Acquires Retail Property In Matawan For $5.36M
1 Cliffwood Ave, Matawan, NJ, USA
$5,360,000
$8,121/SF
Building Size
660 SF
Asset Type
Retail
Closing
Jul 13, 2021
About this deal
AI
Located at 1 Cliffwood Ave in Matawan, this retail property was recently sold for a price of $5,360,000. The transaction took place on 07/14/2021 and involved the buyer, Shawn Simons, and the seller, Dean C. Durling.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,360,000
- Address: 1 Cliffwood Ave
- Market: Matawan
The buyer, Shawn Simons, acquired the property from the seller, Dean C. Durling, in this sale.
The retail sale at 1 Cliffwood Ave, Matawan, NJ, USA in Matawan, New Jersey sold for $5.4M in 2021. The building is 660 square feet, implying about 8.1K per square foot on the published price. Named participants on the 1 Cliffwood Ave, Matawan, NJ, USA sale are Dean C. Durling. This page is the Matawan, New Jersey file for the 1 Cliffwood Ave, Matawan, NJ, USA retail sold: pricing, party profiles, and other closed retail comps from the same Matawan sit in the Market section below. Filter that Matawan retail set by closing date to see what else sold near 1 Cliffwood Ave, Matawan, NJ, USA around 2021. Published consideration for 1 Cliffwood Ave, Matawan, NJ, USA is $5.4M, dated 2021. Cite this Shawn Simons Acquires Retail Property In Matawan For $5.36M sale when underwriting similar retail product around Matawan, New Jersey.
Players
Matawan Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.96%
Cash-on-Cash
-0.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93