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16 Marshall Hill Rd, West M...

CBRE Brokers Facilitate Sale Of Retail Center In West Milford For $1.4M
SOLDRetail

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:

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

Nat Gambuzza

Berkadia

Broker

$917.5M

vol

74 deals

Broker

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