Updated Dec 19, 2023
Kislak Realty Facilitates $1.35M Retail Sale In Westville, NJ
1200 Delsea Drive, Westville, NJ 08093
$1,350,000
$69/SF
Building Size
19,500 SF
Asset Type
Retail
Closing
Dec 7, 2021
About this deal
AI
A retail property located at 1200 Delsea Dr in Westville, NJ has been sold for a total of $1,350,000. The property spans approximately 19,500 square feet, resulting in a price per square foot of $69. The sale took place on 12/07/2021 and was an all-cash deal. The property consists of a half-vacant center, offering potential for redevelopment or leasing opportunities.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,350,000
- Date: 12/07/2021
- Address: 1200 Delsea Dr, Westville, NJ
- Market: Westville, NJ
- Asset Type: Retail
- Broker: Daniel Lanni - Kislak Realty
- Square Footage: 19,500
- Price per Square Foot: $69
- Note: All cash deal
- Half vacant center
Daniel Lanni from Kislak Realty represented the buyer and seller in this transaction, facilitating the successful sale of the retail property. The deal showcases the expertise and professionalism of the involved parties in navigating a complex commercial real estate transaction.
Players
Westville 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
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93