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
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