CBRE Brokers $650K Sale Of Retail Property On Middletown-Lincroft Rd, Holmdel
11 Middletown-Lincroft Rd, Middletow...
$650,210
$110/SF
Building Size
5,911 SF
Asset Type
Retail
Closing
Nov 22, 2023
AI
The property is located at 11 Middletown-Lincroft Rd, Middletown, within the Holmdel market. It is a retail asset that encompasses a total area of 5,911 square feet. The transaction price for the sale amounted to $650,210. The property was vacant at the time of the sale.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $650,210.00
- Address: 11 Middletown-Lincroft Rd, Middletown
- Market: Holmdel
- Square Footage: 5,911
- Buyer's Representative: Nat Gambuzza - Berkadia, Steve Mariani - CBRE
- Seller's Representative: Wesley Moore - CBRE
- Buyer: Unknown
- Seller: Unknown
The deal was executed with the assistance of representatives from CBRE, including Nat Gambuzza and Steve Mariani, who facilitated the transaction for both the buyer and the seller. Wesley Moore from CBRE also played a role as the seller's representative in this deal.
Players
Holmdel 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
24.40%
Cash-on-Cash
-6.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93