Quail One LLC Acquires Retail Property In Howell Township For $7.8M
SOLD
$7,800,000
New Jersey
See Similar DealsRetail52,000 SF
Sold 07/13/2022
SOLD
Quail One LLC Acquires Retail Property In Howell Township For $7.8M
2 Ramtown-Greenville Rd
See Similar DealsRetail52,000 SF
Sold 07/13/2022
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$150
Total Square Footage:52,000 SF
Transaction Type:Sale
The retail property located at 2 Ramtown-Greenville Rd in Howell Township has been sold in a transaction valued at $7,800,000. The property spans 52,000 square feet, resulting in a price per square foot of $150. Quail One LLC has acquired the property from Quail Creek Shopping Center, LLC.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $7,800,000
- Address: 2 Ramtown-Greenville Rd
- Market: Howell Township
Jarrad Coletta from Coletta Commercial Realty represented both the buyer, Quail One LLC, and the seller, Quail Creek Shopping Center, LLC, in this transaction.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$415,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$27,711.76
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,975.98
Annual Debt Service$443,711.75
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