CBRE Brokers Facilitate Sale Of Retail Center In West Milford For $1.4M
16 Marshall Hill Rd, West Milford, NJ...
$1,400,000
$200/SF
Building Size
7,000 SF
Asset Type
Retail
Closing
Nov 22, 2023
AI
The property involved in the transaction is a retail asset located at 16 Marshall Hill Rd, West Milford, NJ. The property spans a total of 7,000 square feet and was sold for $1,400,000.00 in an undisclosed deal.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,400,000.00
- Market: West Milford
- Buyer's Representative: Nat Gambuzza(Berkadia), Steve Mariani(CBRE)
- Seller: Unknown
Nat Gambuzza from Berkadia and Steve Mariani from CBRE served as the buyer's representatives in the transaction. The specific buyer of the property remains undisclosed, as does the identity of the seller involved in the $1,400,000.00 deal. The property, a retail asset in West Milford, showcases a vibrant market where such transactions are valued.
Players
West Milford 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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93