NADG NNN Acquires Retail Property In Cherry Hill, NJ For $2.3M
SOLD
$2,300,000
New Jersey
See Similar DealsRetail2,500 SF
Sold 12/17/2021
SOLD
NADG NNN Acquires Retail Property In Cherry Hill, NJ For $2.3M
1460 NJ-70, Cherry Hill NJ 08034
See Similar DealsRetail2,500 SF
Sold 12/17/2021
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$920
Total Square Footage:2,500 SF
Transaction Type:Sale
A retail property located at 1460 NJ 70 in Cherry Hill, NJ has been sold in a transaction that closed on December 17, 2021. The property was purchased by NADG NNN, while the seller was Conwell Limited Partnership. The sale was facilitated by brokers JP Colussi and Jesse Dubrow from MSC.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,300,000
- Address: 1460 NJ 70, Cherry Hill, NJ
- Market: Cherry Hill, NJ
The retail property spans approximately 2,500 square feet and was sold at a price of $2,300,000, resulting in a price per square foot of $920.
NADG NNN, the buyer in this transaction, acquired the property from Conwell Limited Partnership. The deal was facilitated by brokers JP Colussi and Jesse Dubrow from MSC.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$122,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,171.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,903.17
Annual Debt Service$130,838.08
Is there something missing? Send suggestions