Retail Property In Bordentown Sells For $1.6M In Transaction Handled By Michael Lombardi
SOLD
$1,600,000
New Jersey
See Similar DealsRetail2,760 SF
Sold 12/19/2018
SOLD
Retail Property In Bordentown Sells For $1.6M In Transaction Handled By Michael Lombardi
213 Us-130, Bordentown, NJ, 08505
See Similar DealsRetail2,760 SF
Sold 12/19/2018
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$579
Total Square Footage:2,760 SF
Transaction Type:Sale
The retail property located at 213 US-130 in Bordentown, NJ, 08505, was sold for $1,600,000.00 on December 19, 2018. This property spans 2,760 square feet and was occupied by Investors Bank. The sale was facilitated by Michael "Mike" Lombardi of Horvath & Tremblay, representing the seller in this transaction.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,600,000.00
- Address: 213 US-130, Bordentown, NJ, 08505
- Market: Bordentown
- Seller's Rep: Michael "Mike" Lombardi (Horvath & Tremblay)
- Buyer: Undisclosed
- Square Footage: 2,760
The buyer in this transaction has chosen to remain undisclosed. The net-leased retail property sale was significant, with Marcus & Millichap orchestrating the deal. Positioned approximately 30 miles northeast of Philadelphia, this transaction adds to the dynamic real estate market in the Bordentown area.
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30 years
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Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$85,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,684.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,584.82
Annual Debt Service$91,017.80
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