Updated Dec 20, 2023
Frank Esposito Acquires Retail Property On 1200 Lincoln Hwy In Colonia For $4.65M
1200 Lincoln Hwy, Colonia, NJ, USA
$4,650,000
$198/SF
Building Size
23,415 SF
Asset Type
Retail
Closing
Aug 2, 2021
About this deal
AI
The retail property located at 1200 Lincoln Hwy in Colonia has been sold for a total price of $4,650,000. The property spans across 23,415 square feet, resulting in a price per square foot of $199.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,650,000
- Square Footage: 23,415
- Price per Square Foot: $199
- Address: 1200 Lincoln Hwy, Colonia
- Market: Colonia
The buyer of the property is Frank Esposito, while the seller is Maryann Chuhinko.
The retail sale at 1200 Lincoln Hwy, Colonia, NJ, USA in Colonia, New Jersey sold for $4.7M in 2021. The building is 23,415 square feet, implying about 198 per square foot on the published price. This page is the Colonia, New Jersey file for the 1200 Lincoln Hwy, Colonia, NJ, USA retail sold: pricing, party profiles, and other closed retail comps from the same Colonia sit in the Market section below. Filter that Colonia retail set by closing date to see what else sold near 1200 Lincoln Hwy, Colonia, NJ, USA around 2021. Published consideration for 1200 Lincoln Hwy, Colonia, NJ, USA is $4.7M, dated 2021. Cite this Frank Esposito Acquires Retail Property On 1200 Lincoln Hwy In Colonia For $4.65M sale when underwriting similar retail product around Colonia, New Jersey.
Players
Colonia 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
3.41%
Cash-on-Cash
-0.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93