Daily limit: 0/10
Marcus & Millichap Brokers $5.8M Sale Of Retail Strip Center In Middletown New Jersey
SOLD
$5,800,000
New Jersey
See Similar DealsRetail29,411 SF
Sold 02/18/2025
SOLD
Marcus & Millichap Brokers $5.8M Sale Of Retail Strip Center In Middletown New Jersey
1835 New Jersey Highway 35
See Similar DealsRetail29,411 SF
Sold 02/18/2025
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$197
Total Square Footage:29,411 SF
Transaction Type:Sale
A retail strip center located at 1835 New Jersey Highway 35 in Middletown has been sold for $5,800,000. The asset spans 29,411 square feet and occupies 1.9 acres. It is currently anchored by Benjamin Moore, contributing to its appeal in the retail market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,800,000
- Square Footage: 29,411 SF
- Price per Square Foot: $197
- Address: 1835 New Jersey Highway 35
- Market: Middletown
The transaction was brokered by Marcus & Millichap, with Alan Cafiero, Brent Hyldahl, and Seth Goldberg representing the undisclosed seller while also securing the buyer for the property.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$309,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,606.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,494.96
Annual Debt Service$329,939.51
Is there something missing? Send suggestions