Michael Lombardi Of Horvath & Tremblay Brokers Sale Of Toms River Retail Plaza For $2.475M
1174 Fischer Boulevard
$2,475,000
$164/SF
Building Size
15,080 SF
Asset Type
Retail
Closing
Nov 13, 2025
AI
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.
Players
Toms River 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
6.41%
Cash-on-Cash
-1.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93