Marcus & Millichap Brokers Sell Retail Property In Matawan, NJ For $6.8M
1008 New Jersey 34, Matawan, NJ, USA
$6,825,000
$202/SF
Building Size
33,719 SF
Asset Type
Retail
Closing
Oct 22, 2021
AI
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.
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
2.32%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93