facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New Jersey

/

Retail

/

Sale

/

1200 Delsea Drive, Westvill...

Updated Dec 19, 2023

Kislak Realty Facilitates $1.35M Retail Sale In Westville, NJ
SOLDRetail

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

Daniel Lanni

Kislak

Broker

$188.4M

vol

37 deals

Broker

Westville Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Deal FAQ

About $69 per square foot on a published $1.4M for 19,500 square feet (2021).

Visit Daniel Lanni to view all their deals.

Browse New Jersey retail sales on Traded.

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

More Deals

Nearby Markets