SOLDRetail
Jeff Squires - Kislak Brokers $7.2M Sale Of Retail Property At 123 N Union Ave In Cranford
123 N Union Ave, Cranford, NJ 07016
$7,200,000
$187/SF
Building Size
38,483 SF
Asset Type
Retail
Closing
May 5, 2022
AI
An undisclosed retail property located at 123 N Union Ave in Cranford has been sold for a total of $7,200,000. The property spans a total of 38,483 square feet, resulting in a price per square foot of $187. The sale was finalized on 05/06/2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $7,200,000
- Square Footage: 38,483
- Price per Square Foot: $187
- Market: Cranford
- Broker: Jeff Squires - Kislak
Jeff Squires from Kislak served as the broker for this transaction.
Players
Cranford 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
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93