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1825-1843 Lincoln Highway

Sam Ash Properties Corporation Sells Retail Property In Edison For $5.5M
SOLDRetail

Sam Ash Properties Corporation Sells Retail Property In Edison For $5.5M

$5,500,000

$250/SF

Building Size

21,924 SF

Asset Type

Retail

Closing

May 10, 2024

AI

The property at 1825-1843 Lincoln Highway in Edison, a retail asset, was sold for $5,500,000. Spanning 21,924 square feet, the property was acquired at a price per square foot of $251. The seller, Sam Ash Properties Corporation, was represented by Marc Shein & Robert V. DiLeo from NAI DiLeo-Bram.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $5,500,000
  • Market: Edison
  • Seller: Sam Ash Properties Corporation
  • Seller's Rep: Marc Shein & Robert V. DiLeo - NAI DiLeo-Bram
  • Address: 1825-1843 Lincoln Highway
  • SF: 21,924
  • PPSF: $251

Notable figures involved in the transaction were Marc Shein and Robert V. DiLeo of NAI DiLeo-Bram, who represented the seller, Sam Ash Properties Corporation. They played a key role in facilitating the sale of the retail property in Edison.

Players

Marc Shein

NAI Global

Broker

$22.5M

vol

8 deals

Broker

Market 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

2.88%

Cash-on-Cash

-0.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93