Updated Oct 28, 2024
Ashley Furniture HomeStore Sells Retail Property In Eatontown, NJ For $5.96M
175 Route 35, Eatontown, NJ, USA
$5,960,000
$99/SF
Building Size
60,000 SF
Asset Type
Retail
Closing
Aug 15, 2021
About this deal
AI
A retail property located at 175 Route 35 in Eatontown, NJ has been sold. The property is a 60,000 square foot asset. The seller, Ashley Furniture HomeStore, listed the property for sale.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $5,960,000
- Market: Eatontown, NJ
- Square Footage: 60,000
- Price Per Square Foot: $99
Alan Cafiero from Marcus & Millichap represented the seller, Ashley Furniture HomeStore, in this transaction. The deal was finalized on 08/16/2021.
The retail sale at 175 Route 35, Eatontown, NJ, USA in Eatontown, New Jersey sold for $6M in 2021. The building is 60,000 square feet, implying about 99 per square foot on the published price. Alan Cafiero, Marcus & Millichap appear on the sale alongside Marcus & Millichap. This page is the Eatontown, New Jersey file for the 175 Route 35, Eatontown, NJ, USA retail sold: pricing, party profiles, and other closed retail comps from the same Eatontown sit in the Market section below. Filter that Eatontown retail set by closing date to see what else sold near 175 Route 35, Eatontown, NJ, USA around 2021. Published consideration for 175 Route 35, Eatontown, NJ, USA is $6M, dated 2021. Cite this Ashley Furniture HomeStore Sells Retail Property In Eatontown, NJ For $5.96M sale when underwriting similar retail product around Eatontown, New Jersey.
Eatontown 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
2.66%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93