Updated Dec 4, 2024
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
About this deal
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
Williamstown 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
7.74%
Cash-on-Cash
-2.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93