Daniel Lanni Of Kislak Represents Retail Sale At 178 West Veterans Highway In Jackson For $2.8M
SOLD
$2,800,000
New Jersey
See Similar DealsRetail8,068 SF
Sold 12/12/2024
SOLD
Daniel Lanni Of Kislak Represents Retail Sale At 178 West Veterans Highway In Jackson For $2.8M
178 West Veterans Highway
See Similar DealsRetail8,068 SF
Sold 12/12/2024
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$347
Total Square Footage:8,068 SF
Transaction Type:Sale
The property involved in this transaction is a retail asset located at 178 West Veterans Highway in Jackson. The sale price for the property was $2,800,000, encompassing a total square footage of 8,068, which results in a price per square foot of $347.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,800,000
- Address: 178 West Veterans Highway
- Market: Jackson
- Square Footage: 8,068
- Price Per Square Foot: $347
- Broker: Daniel Lanni - Kislak
Daniel Lanni from Kislak represented the transaction, facilitating the negotiation and closing process. The details surrounding the involvement of other parties in the deal were not specified.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$149,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,947.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,273.43
Annual Debt Service$159,281.14
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