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11 Middletown-Lincroft Rd, ...

CBRE Brokers $650K Sale Of Retail Property On Middletown-Lincroft Rd, Holmdel
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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:

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

Nat Gambuzza

Berkadia

Broker

$917.5M

vol

74 deals

Broker

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