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11 North Alward Avenue

April Blount Of Berkshire Hathaway HomeServices Represents Buyer In Retail Sale At 11 North Alward Avenue For $1.8M
SOLDRetail

April Blount Of Berkshire Hathaway HomeServices Represents Buyer In Retail Sale At 11 North Alward Avenue For $1.8M

11 North Alward Avenue

$1,800,000

$360/SF

Building Size

5,000 SF

Asset Type

Retail

Closing

Sep 27, 2024

AI

The property asset involved in this transaction is a retail space located at 11 North Alward Avenue in Basking Ridge. It encompasses a total square footage of 5,000 and has been sold for a price of $1,800,000, translating to a price per square foot of $360.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $1,800,000
  • Square Footage: 5,000
  • Price Per Square Foot: $360
  • Address: 11 North Alward Avenue
  • Market: Basking Ridge
  • Buyer's Representative: April Blount - Berkshire Hathaway HomeServices

April Blount represented the buyer in this retail property transaction. The deal was finalized on September 27, 2024, marking a successful closure for the parties involved.

Players

April Blount

Berkshire Hathaway HomeServices

Broker

$11.8M

vol

8 deals

Broker

Basking Ridge 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

8.81%

Cash-on-Cash

-2.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93