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2099 North Black Horse Pike

John Chan Of Path Equities Acquires Vacant Retail Property In Williamstown For $2.05M
SOLDRetail

John Chan Of Path Equities Acquires Vacant Retail Property In Williamstown For $2.05M

2099 North Black Horse Pike

$2,050,000

$148/SF

Building Size

13,824 SF

Asset Type

Retail

Closing

Mar 1, 2024

AI

The retail property located at 2099 North Black Horse Pike in Williamstown, NJ was recently sold in a transaction that involved a total sale price of $2,050,000. The property spans across 13,824 square feet, equating to a price per square foot of $148. The sale was facilitated by Mark Krantz from Marcus & Millichap, representing the seller, An Kantar, and the buyer, John Chan from Path Equities.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $2,050,000
  • Buyer: John Chan - Path Equities
  • Seller: An Kantar
  • Broker: Mark Krantz - Marcus & Millichap

John Chan of Path Equities acquired the vacant retail property in an all-cash deal and successfully closed the transaction within a month of entering into the contract. The buyer has expressed interest in purchasing more retail properties, whether vacant or occupied, specifically focusing on opportunities within the tri-state area. For any potential deals, submissions can be sent to [email protected].

Players

Mark Krantz

Marcus & Millichap

Broker

$58.2M

vol

13 deals

Broker

Williamstown 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

7.74%

Cash-on-Cash

-2.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93