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2550 Us Route 22

Bruce Jeffery Acquires Retail Property At 2550 Route 22 In Union For $1.575M
SOLDRetail

Bruce Jeffery Acquires Retail Property At 2550 Route 22 In Union For $1.575M

2550 Us Route 22

$1,575,000

$297/SF

Building Size

5,300 SF

Asset Type

Retail

Closing

May 6, 2025

AI

The property asset involved in this transaction is a retail space located at 2550 Route 22 in Union. The sale was finalized for $1,575,000, encompassing a total area of 5,300 square feet, resulting in a price per square foot of $297.

Summary of transation details:

The key individuals involved in the transaction include the buyer, Bruce Jeffery, and the seller, Jeff Herrigel. The transaction was brokered by a team from The Goldstein Group, consisting of Marc Palestina, Lew Finkelstein, and CJ Huter, who facilitated the deal between the two parties.

Players

CJ Huter

VanRockCRE

Broker

$119.7M

vol

25 deals

Broker

Union 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

10.07%

Cash-on-Cash

-2.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93