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243 Veterans BLVD, Carlstad...

Team Resources Inc Sells Retail Asset In Carlstadt To Metal Recycler
SOLDRetail

Team Resources Inc Sells Retail Asset In Carlstadt To Metal Recycler

243 Veterans BLVD, Carlstadt, NJ, 070...

Building Size

17,000 SF

Asset Type

Retail

Closing

Nov 22, 2023

AI

Located at 243 Veterans Blvd in Carlstadt, NJ, this retail property spans 17,000 square feet. The transaction took place in Carlstadt's market.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: Not specified
  • Buyer's Representative: Shawn Roth from Team Resources
  • Seller: Unknown
  • Broker involved in the deal: Shawn Roth from Team Resources

Shawn Roth from Team Resources played a pivotal role in the transaction, representing both the buyer and the seller in the sale of this retail property. The deal was mutually beneficial as the buyer had been searching for a suitable property for over two years due to limited inventory in the Meadowlands.

Players

Shawn Roth

Team Resources

Broker

1 deal

Broker

Carlstadt 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93