NAI James E. Hanson Brokers $8.2M Sale Of Bridgewater Retail Property
1300 Prince Rodgers Avenue
$8,200,000
$197/SF
Building Size
41,589 SF
Asset Type
Retail
Closing
Mar 26, 2024
AI
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:
- Property Type: Retail
- Transaction Amount: $8,200,000
- Address: 1300 Prince Rodgers Avenue
- Market: Bridgewater
- Seller: Cedar Hill Associates LLC
- Brokers: Darren Lizzack & Randy Horning - NAI James E. Hanson
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
Bridgewater 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
1.93%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93