Mario Brunelli Of RJBCO Sells Retail Property In Toms River, NJ For $1.4M
165 NJ-37, Toms River, NJ
$1,400,000
$96/SF
Building Size
14,500 SF
Asset Type
Retail
Closing
Dec 1, 2022
AI
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!
Players
Toms River Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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