The Kamson Corporation Acquires Retail Property In Plainfield, NJ For $8.8M
1462 South Ave, Plainfield, New Jersey 07062, United States
$8,800,000
$1,742/SF
Building Size
5,051 SF
Asset Type
Retail
Closing
Nov 9, 2021
AI
The retail property located at 1462 South Avenue in Plainfield, NJ has been sold. The property spans an area of 1.71 acres and has a total square footage of 5,051. The transaction took place on November 9, 2021, with a sale price of $8,800,000. The price per square foot for this sale was calculated at $1,742.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $8,800,000
- Address: 1462 South Avenue, Plainfield, NJ
- Market: Plainfield, NJ
- Acres: 1.71
The buyer in this transaction is The Kamson Corporation. The brokers involved in the deal were Jason Pucci and Justin Lupo from The Kislak Company Inc.
Players
Plainfield 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
1.80%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93