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1295 Rt 46 West

Kislak Brokers Sell Retail Property In Parsippany, NJ For $3M
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

Tom Scatuorchio

Kislak

Broker

$92.6M

vol

16 deals

Broker

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