Aaron Fish Acquires Retail Property In Howell, NJ From Charles Rangers
SOLD
$2,500,000
New Jersey
See Similar DealsRetail36,000 SF
Sold 10/11/2023
SOLD
Aaron Fish Acquires Retail Property In Howell, NJ From Charles Rangers
1805 Us Route 9
See Similar DealsRetail36,000 SF
Sold 10/11/2023
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$69
Total Square Footage:36,000 SF
Transaction Type:Sale
A retail property located at 1805 US Route 9 in Howell, NJ has been sold for $2,500,000. The property spans a total area of 36,000 square feet and was sold at a price per square foot of $69. The transaction took place on October 11, 2023.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,500,000
- Address: 1805 US Route 9, Howell, NJ
- Size: 36,000 square feet
- Price per Square Foot: $69
The buyer of the property was Aaron Fish, while Charles Rangers acted as the seller. The deal was facilitated by Joseph Spinella from KW Commercial and Henry Eisenstein from EXP Realty. They served as the buyer and seller's representatives, respectively.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31
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