George Kalas Acquires Retail Property At 1204 Route 130 N Burlington For $1.995M
SOLD
$1,995,000
New Jersey
See Similar DealsRetail15,000 SF
Sold 12/31/2025
SOLD
George Kalas Acquires Retail Property At 1204 Route 130 N Burlington For $1.995M
1204 Route 130 N
See Similar DealsRetail15,000 SF
Sold 12/31/2025
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$133
Total Square Footage:15,000 SF
Transaction Type:Sale
The retail property located at 1204 Route 130 N in Burlington was sold for $1,995,000. The asset encompasses a total square footage of 15,000, translating to a price per square foot of $133.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,995,000
- Address: 1204 Route 130 N
- Market: Burlington
- Square Footage: 15,000
- Price Per Square Foot: $133
- Buyer: George Kalas
- Brokers: David Townes & Alana Friedman - JLL
The transaction involved broker representatives David Townes and Alana Friedman, who facilitated the deal on behalf of the buyer, George Kalas. Their representation was instrumental in completing the transaction within the specified parameters.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$106,399.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,087.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,457.32
Annual Debt Service$113,487.81
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