Updated Oct 29, 2024
Makellos Cabinetry Acquires Retail Property In Magnolia, NJ For $Undisclosed
130 S White Horse Pike, Magnolia, NJ...
Building Size
3,150 SF
Asset Type
Retail
Closing
Nov 22, 2023
About this deal
AI
The property asset involved in this transaction is a retail space located at 130 S White Horse Pike, Magnolia, NJ. The asset encompasses 3,150 square feet and is situated in the Magnolia market, a southeastern suburb of Philadelphia. Its proximity to a Walmart store and various retail and restaurant businesses enhances its commercial appeal.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: Not specified
- Address: 130 S White Horse Pike, Magnolia, NJ
- Size: 3,150 square feet
- Seller's Representative: Monica Walsh-Vantage RES
- Buyer: Makellos Cabinetry
The deal was facilitated by Vantage Real Estate Services, with Monica Walsh, Aran Ploshansky, and Bruce Goldstein representing the seller, East Coast Enterprises LLC. The buyer, Makellos Cabinetry, is known for its kitchen renovation services based in Philadelphia.
On the Map
Retail
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Players
Magnolia 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93