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Michael Lombardi Of Horvath & Tremblay Brokers Sale Of Toms River Retail Plaza For $2.475M
SOLD
$2,475,000
New Jersey
See Similar DealsRetail15,080 SF
Sold 11/13/2025
SOLD
Michael Lombardi Of Horvath & Tremblay Brokers Sale Of Toms River Retail Plaza For $2.475M
1174 Fischer Boulevard
See Similar DealsRetail15,080 SF
Sold 11/13/2025
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$164
Total Square Footage:15,080 SF
Transaction Type:Sale
The sale involves a fully leased retail plaza located at 1174–1178 Fischer Boulevard in Toms River, New Jersey. The transaction was completed for a price of $2,475,000, with a total square footage of 15,080 and a price per square foot of $164. The asset spans an area of 1.59 acres.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,475,000
- Square Footage: 15,080
- Price Per Square Foot: $164
- Address: 1174-1178 Fischer Boulevard
- Market: Toms River
- Acres: 1.59
Michael Lombardi from Horvath & Tremblay represented both the seller and buyer in the transaction. The brokerage firm facilitated the sale of this retail plaza, showcasing their expertise in handling such property transactions.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$132,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,793.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,732.76
Annual Debt Service$140,793.15
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