SOLDRetail
Kislak Brokers Sell Retail Property In Parsippany, NJ For $3M
1295 Rt 46 West
$3,000,000
$652/SF
Building Size
4,600 SF
Asset Type
Retail
Closing
Oct 16, 2023
AI
A retail property located at 1295 Route 46 West in Parsippany, NJ has been sold for a price of $3,000,000. The property spans 4,600 square feet, resulting in a price per square foot of $652.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $3,000,000
- Square Footage: 4,600
- Price per Square Foot: $652
- Address: 1295 Route 46 West, Parsippany, NJ
- Market: Parsippany, NJ
The sale of this retail property was facilitated by brokers Tom Scatuorchio and Matt Weilheimer of Kislak.
Players
Parsippany 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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93