Mario Brunelli Of RJBCO Sells Retail Property In Toms River, NJ For $1.4M
SOLD
$1,400,000
New Jersey
See Similar DealsRetail14,500 SF
Sold 12/01/2022
SOLD
Mario Brunelli Of RJBCO Sells Retail Property In Toms River, NJ For $1.4M
165 NJ-37, Toms River, NJ
See Similar DealsRetail14,500 SF
Sold 12/01/2022
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$96
Total Square Footage:14,500 SF
Transaction Type:Sale
The retail property located at 165 NJ-37 in Toms River, NJ has been sold for $1,400,000. The property spans 14,500 square feet, resulting in a price per square foot of $97.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,400,000
- Address: 165 NJ-37, Toms River, NJ
- Square Footage: 14,500
- Price per Square Foot: $97
- Date: 12/01/2022
- Market: Toms River, NJ
- Broker: Mario Brunelli - RJBCO
Mario Brunelli of RJBCO represented the parties involved in the transaction.
For more details, please reach out to Mario Brunelli.
NOTE FROM BROKER: Let's meet at ICSC New York!
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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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