Marcus & Millichap Brokers Sell Retail Property In Matawan, NJ For $6.8M
SOLD
$6,825,000
New Jersey
See Similar DealsRetail33,719 SF
Sold
SOLD
Marcus & Millichap Brokers Sell Retail Property In Matawan, NJ For $6.8M
1008 New Jersey 34, Matawan, NJ, USA
See Similar DealsRetail33,719 SF
Sold
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$202
Total Square Footage:33,719 SF
Transaction Type:Sale
An 33,719 square foot retail property located at 1008-1016 Route 34 in Matawan has been sold for $6,825,000. The property was represented by Alan Cafiero, Brent Hyldahl, and Ben Sgambati from Marcus & Millichap. This retail asset is situated in a market with potential for growth.
Summary of transaction details
- Property Type: Retail
- Sale Price: $6,825,000
- Square Footage: 33,719
- Price per Square Foot: $202
- Address: 1008-1016 Route 34, Matawan
- Market: Matawan
Alan Cafiero, Brent Hyldahl, and Ben Sgambati from Marcus & Millichap served as the brokers for this transaction. Their expertise and negotiation skills facilitated the successful sale of this retail property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$364,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,247.78
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,353.98
Annual Debt Service$388,247.78
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