Updated Dec 21, 2023
Marcus & Millichap Brokers Sell Retail Property In Burlington, NJ For $8.8M
2601 Mount Holly Road, Burlington, NJ 08016
$8,800,000
$892/SF
Building Size
9,863 SF
Asset Type
Retail
Closing
Jul 9, 2020
About this deal
AI
The retail property located at 2601 Mount Holly Road in Burlington, NJ has been sold for a total price of $8,800,000. The transaction was completed on July 9, 2021. This retail asset spans 9,863 square feet, resulting in a price per square foot of $892. The property is situated in the Burlington market, offering a prime location for retail businesses.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $8,800,000
- Square Footage: 9,863
- Price per Square Foot: $892
- Address: 2601 Mount Holly Road, Burlington, NJ
- Market: Burlington, NJ
The sale of this retail property was facilitated by Alan Cafiero and Ben Sgambati from the reputable brokerage firm, Marcus & Millichap. Their expertise and negotiation skills ensured a successful transaction for both the buyer and seller involved.
Players
Burlington 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
1.80%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93