Retail Property In Edison Sold For $4.6M With Seller's Rep James Sebastian Chiarello - Kroll Commercial Realty
1551 Us Route 1
$4,600,000
$741/SF
Building Size
6,200 SF
Asset Type
Retail
Closing
Mar 27, 2023
AI
The property in question is a retail asset located at 1551 US Route 1 in Edison. The transaction, which took place on 03/27/2023, involved a sale with a sale price of $4,600,000. The property has a total square footage of 6,200, resulting in a price per square foot of $742.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $4,600,000
- Address: 1551 US Route 1, Edison
- Market: Edison
- Square Footage: 6,200
- Price per Square Foot: $742
In this transaction, the seller was represented by James Sebastian Chiarello from Kroll Commercial Realty.
Players
Market 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
3.45%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93