Updated Dec 20, 2023
Thomas Scavelli Acquires Retail Property In Old Bridge For $5.3M
1200 U.S. 9, Old Bridge, NJ, USA
$5,300,000
$183/SF
Building Size
28,941 SF
Asset Type
Retail
Closing
Aug 5, 2021
About this deal
AI
The retail property located at 1200 US Highway 9 in Old Bridge was sold on August 6, 2021. The property spans 28,941 square feet and was sold for a total price of $5,300,000, resulting in a price per square foot of $183.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,300,000
Thomas Scavelli represented the buyer, while Ralph Mocci represented the seller in the transaction.
The retail sale at 1200 U.S. 9, Old Bridge, NJ, USA in Old Bridge, New Jersey sold for $5.3M in 2021. The building is 28,941 square feet, implying about 183 per square foot on the published price. This page is the Old Bridge, New Jersey file for the 1200 U.S. 9, Old Bridge, NJ, USA retail sold: pricing, party profiles, and other closed retail comps from the same Old Bridge sit in the Market section below. Filter that Old Bridge retail set by closing date to see what else sold near 1200 U.S. 9, Old Bridge, NJ, USA around 2021. Published consideration for 1200 U.S. 9, Old Bridge, NJ, USA is $5.3M, dated 2021. Cite this Thomas Scavelli Acquires Retail Property In Old Bridge For $5.3M sale when underwriting similar retail product around Old Bridge, New Jersey.
Players
Old Bridge 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
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93