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NAI James E. Hanson Brokers $8.2M Sale Of Bridgewater Retail Property

Property Image
SOLD
$8,200,000
Darren Lizzack
Randy Horning

New Jersey

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Retail41,589 SF
Sold 03/26/2024
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Property Image
SOLD

NAI James E. Hanson Brokers $8.2M Sale Of Bridgewater Retail Property

1300 Prince Rodgers Avenue

See Similar Deals
Retail41,589 SF
Sold 03/26/2024
Darren Lizzack
Randy Horning
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$197
Total Square Footage:41,589 SF
Transaction Type:Sale

The property involved is a retail asset located at 1300 Prince Rodgers Avenue in Bridgewater. This property, known as Bridgewater Shops, spans 41,589 square feet and was sold for $8,200,000, equating to a price per square foot of $197.

Summary of transaction details:

NAI James E. Hanson facilitated the sale of Bridgewater Shops through an online auction platform. The seller, Cedar Hill Associates LLC, was represented by Team Lizzack-Horning, consisting of Darren Lizzack and Randy Horning. This transaction showcased the property's appeal and efficiency by expediting the sale process.

Players

Darren Lizzack
The Clinical Group
Darren Lizzack
18 deals$63M volume
BROKER
Randy Horning
The Clinical Group
Randy Horning
16 deals$36.8M volume(201) 478-7392
BROKER

Details

SOLD
IMAGE: Darren Lizzack & Randy Horning DATE: 03/26/2024 ADDRESS: 1300 Prince Rodgers Avenue MARKET: Bridgewater ASSET TYPE: Retail SELLER: Cedar Hill Associates LLC BROKERS: Darren Lizzack (@LizzackHorning) & Randy Horning (@TherealRandizzle) - NAI James E. Hanson (@Nai_Hanson) SALE PRICE: $8,200,000 SF: 41,589 ~ PPSF: $197 NOTE: NAI James E. Hanson brokers the $8.2 million sale of Bridgewater Shops, a 41,589-square-foot retail property at 1300 Prince Rodgers Ave., with Team Lizzack-Horning representing the seller, Cedar Hill Associates LLC. The sale, facilitated through an online auction platform, showcases the property's appeal and expedites the transaction process.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$29,132.88
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