Updated Dec 21, 2023
Marcus & Millichap Sells Riverside Retail Property For $4.95M
1101 S Fairview St, Riverside, NJ, USA
$4,950,000
$166/SF
Building Size
29,740 SF
Asset Type
Retail
Closing
May 28, 2020
About this deal
AI
1101 South Fairview St in Riverside has been sold for $4,950,000. The retail property spans 29,740 square feet, resulting in a price per square foot of $166. The transaction took place on 05/28/2021 and was facilitated by Alan Cafiero, Ben Sgambati, and David Cafiero from Marcus & Millichap.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,950,000
- Address: 1101 South Fairview St
- Market: Riverside
- Square Footage: 29,740
- Price Per Square Foot: $166
Alan Cafiero, Ben Sgambati, and David Cafiero represented the parties involved in the deal as brokers from Marcus & Millichap.
Players
Delran 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
3.20%
Cash-on-Cash
-0.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93