Updated Oct 28, 2024
Diamond Capital LLC Acquires Blackwood Retail Property For $1.45M With Alan Sussman - Rose Commercial Real Estate
1031 Little Gloucester Road, Blackwood, New Jersey 08012, United States
$1,450,000
$181/SF
Building Size
8,000 SF
Asset Type
Retail
Closing
Mar 29, 2022
About this deal
AI
A retail property located at 1031 Little Gloucester Road in Blackwood has been sold for $1,450,000. The property spans 8,000 square feet, resulting in a price per square foot of $181. The transaction took place on 03/30/2022.
Summary of transation details:
- Property Type: Retail
- Transaction Amount: $1,450,000
- Square Feet: 8,000
- Price per Square Foot: $181
- Address: 1031 Little Gloucester Road, Blackwood
- Market: Blackwood
Diamond Capital LLC has acquired the property from Mayayz Properties LLC. The deal was facilitated by Alan Sussman from Rose Commercial Real Estate.
Players
Blackwood 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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93