SOLDRetail
Matthew Sigman Of Sigman Real Estate Partners Acquires Retail Property In Asbury Park For $1.89M
1105-1109 Memorial Drive
$1,890,000
$158/SF
Building Size
11,926 SF
Asset Type
Retail
Closing
Jul 27, 2026
AI
Matthew Sigman - Sigman Real Estate Partners acquired a fully leased retail property located at 1105-1109 Memorial Drive in Asbury Park, NJ, for $1,890,000. The asset has a total square footage of 11,926 and a price per square foot of $158. The property is fully leased to Monmouth County Habitat for Humanity under a triple-net lease.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,890,000
- Square Footage: 11,926
- Price Per Square Foot: $158
- Buyer: Matthew Sigman - Sigman Real Estate Partners
- Brokers: Jacklene Chesler, Patrick Norris & Brittany Leventoff - Colliers
- Market: Asbury Park, NJ
Apex Commercial Exchange facilitated the online auction for this transaction, contributing to the acquisition process. Colliers represented the sale of the asset, showcasing the collaboration among the professionals involved in this property deal.
Players
Asbury Park 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
8.39%
Cash-on-Cash
-2.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93