Updated Oct 29, 2024
Lidl US Acquires Retail Property In Garwood For $13M
10 South Avenue, Garwood, NJ, USA
$13,000,000
$250/SF
Building Size
52,000 SF
Asset Type
Retail
Closing
Jan 13, 2021
About this deal
AI
Johannes Fieber captured an image of the retail property located at 10 South Avenue in Garwood. This property was recently sold in a transaction between the buyer, Lidl US Operations, LLC, and the seller, Gator Garwood Partners. The sale took place on January 14, 2021, and the property was sold for a price of $13,000,000.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $13,000,000
- Address: 10 South Avenue
- Market: Garwood
Lidl US Operations, LLC acquired the retail property from Gator Garwood Partners in this transaction. The involvement of these companies highlights the significance of the deal.
Players
Garwood 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
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93