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
Market 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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93