Quail One LLC Acquires Retail Property In Howell Township For $7.8M
2 Ramtown-Greenville Rd
$7,800,000
$150/SF
Building Size
52,000 SF
Asset Type
Retail
Closing
Jul 13, 2022
AI
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.
Howell 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
2.03%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93