CBRE Brokers Facilitate Sale Of Retail Center In West Milford For $1.4M
SOLD
$1,400,000
New Jersey
See Similar DealsRetail7,000 SF
SOLD
CBRE Brokers Facilitate Sale Of Retail Center In West Milford For $1.4M
16 Marshall Hill Rd, West Milford, NJ...
See Similar DealsRetail7,000 SF
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$200
Total Square Footage:7,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$74,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,973.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,636.71
Annual Debt Service$79,640.57
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