NADG NNN Acquires Retail Property In Cherry Hill, NJ For $2.3M
1460 NJ-70, Cherry Hill NJ 08034
$2,300,000
$920/SF
Building Size
2,500 SF
Asset Type
Retail
Closing
Dec 17, 2021
AI
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
Cherry Hill 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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93