Jeff Squires - Kislak Brokers $7.2M Sale Of Retail Property At 123 N Union Ave In Cranford
SOLD
$7,200,000
New Jersey
See Similar DealsRetail38,483 SF
Sold
SOLD
Jeff Squires - Kislak Brokers $7.2M Sale Of Retail Property At 123 N Union Ave In Cranford
123 N Union Ave, Cranford, NJ 07016
See Similar DealsRetail38,483 SF
Sold
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$187
Total Square Footage:38,483 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$384,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,580.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,131.67
Annual Debt Service$409,580.08
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