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

Property Image
SOLD
$650,210
Nat Gambuzza

New Jersey

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Retail5,911 SF
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Property Image
SOLD

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

11 Middletown-Lincroft Rd, Middletow...

See Similar Deals
Retail5,911 SF
Nat Gambuzza
Contact now

Summary

NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$110
Total Square Footage:5,911 SF
Transaction Type:Sale

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
73 deals$908.7M volume
BROKER

Wesley Moore
CBRE
3 deals$650.2K volume
BROKER

Details

SOLD
IMAGE: 11 Middletown-Lincroft Rd, Middletow... MARKET: Holmdel ASSET TYPE: Retail BUYER'S REP: Nat Gambuzza-Berkadia, Steve Mariani-CBRE SELLER'S REP: Wesley Moore-CBRE BUYER: Unknown SELLER: Unknown PRICE: $650,210.00 SF: 5911

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$34,677.86

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$2,310.07
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,082.33
Annual Debt Service$36,987.93