facebook
Traded Co logo
Submit
Daily limit: 0/10

Marcus & Millichap Sells Aaron’s Strip Center Retail Property In North Bergen For $6.42M

Property Image
SOLD
$6,415,000
Devin Perez
Brent Hyldahl
Alan Cafiero

New Jersey

See Similar Deals
Retail18,130 SF
Sold 12/03/2024
the dealplayerscompscontact
Property Image
SOLD

Marcus & Millichap Sells Aaron’s Strip Center Retail Property In North Bergen For $6.42M

2229 John F Kennedy Boulevard

See Similar Deals
Retail18,130 SF
Sold 12/03/2024
Devin Perez
Brent Hyldahl
Alan Cafiero
the dealplayerscompscontact
Contact now

Summary

NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$353
Total Square Footage:18,130 SF
Transaction Type:Sale

The retail asset involved in this transaction is Aaron's Strip Center, a fully leased property offering 18,130 square feet of space located at 2229 John F Kennedy Boulevard in North Bergen, NJ. The sale price was set at $6,415,000, translating to a price per square foot of $354.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $6,415,000
  • Square Footage: 18,130
  • Address: 2229 John F Kennedy Boulevard
  • Market: North Bergen
  • Price Per Square Foot: $354

This transaction was facilitated by brokers Alan Cafiero, Brent Hyldahl, and Devin Perez from Marcus & Millichap. The property's strategic location near the Lincoln Tunnel contributed to significant investor interest, driven by the presence of high-quality tenants.

Players

Brent Hyldahl
Marcus & Millichap
Brent Hyldahl
57 deals$436.2M volume(201) 742-6116
BROKER
Alan Cafiero
Marcus & Millichap
Alan Cafiero
100 deals$763.8M volume(201) 240-7367
BROKER
Devin Perez
Marcus & Millichap
Devin Perez
12 deals$50M volume
BROKER

Details

SOLD
IMAGE: Alan Cafiero, Brent Hyldahl & Devin Perez DATE: 12/03/2024 ADDRESS: 2229 John F Kennedy Boulevard MARKET: North Bergen ASSET TYPE: Retail BROKERS: Alan Cafiero (@Hoxrule3), Brent Hyldahl & Devin Perez (@Devin.v.Perez) - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $6,415,000 SF: 18,130 ~ PPSF: $354 NOTE: Marcus & Millichap facilitated the $6.42M sale of Aaron’s Strip Center, an 18,130-sf retail property in North Bergen, NJ. The fully leased property, located near the Lincoln Tunnel, attracted significant investor interest due to its prime location and high-quality tenants.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$342,133.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$22,791.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,410.37
Annual Debt Service$364,924.47