Lin Family Plaza LLC Acquires Retail Property In Maple Shade, NJ For $900,000
SOLD
$900,000
New Jersey
See Similar DealsRetail3,700 SF
Sold 06/07/2020
SOLD
Lin Family Plaza LLC Acquires Retail Property In Maple Shade, NJ For $900,000
28 South Church Road, Maple Shade, NJ 08052
See Similar DealsRetail3,700 SF
Sold 06/07/2020
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$243
Total Square Footage:3,700 SF
Transaction Type:Sale
The retail property located at 28 S. Church Road in Maple Shade, NJ has been sold for a price of $900,000. The property spans 3,700 square feet, resulting in a price per square foot of $243. The transaction took place on June 7, 2021.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $900,000
- Address: 28 S. Church Road, Maple Shade, NJ
- Market: Maple Shade, NJ
- Square Footage: 3,700
- Price per Square Foot: $243
The buyer of the property is Lin Family Plaza LLC and the seller is Ramualdo Lamberti. The deal was facilitated by Adam Rose from Rose Commercial Real Estate.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$48,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,197.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,266.46
Annual Debt Service$51,197.51
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