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2099 North Black Horse Pike

Updated Dec 4, 2024

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

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

Mark Krantz

Marcus & Millichap

Broker

$58.2M

vol

13 deals

Broker

Williamstown Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $148 per square foot on a published $2.1M for 13,824 square feet (2024).

Visit Mark Krantz to view all their deals.

Browse Williamstown retail sales on Traded.

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

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