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285 Kinderkamack Rd, Oradel...

D&A Healthcare Acquires Property At 285 Kinderkamack Rd Oradell With Brokers Katerina Aghubi And Chris Conway
SOLDRetail

D&A Healthcare Acquires Property At 285 Kinderkamack Rd Oradell With Brokers Katerina Aghubi And Chris Conway

285 Kinderkamack Rd, Oradell, NJ, 07...

Building Size

2,020 SF

Asset Type

Retail

Closing

Nov 19, 2023

AI

A former automotive repair building located at 285 Kinderkamack Rd, Oradell, NJ is set to be renovated into an urgent care center. The building spans 2,020 square feet and is positioned in the Oradell market. The transaction involves D&A Healthcare as the buyer and L.B. Holdings as the seller.

Summary of transaction details:

The deal was orchestrated by The Goldstein Group, with President Chuck Lanyard and Director Chris Conway representing the seller, L.B. Holdings. Katerina Aghubi represented the buyer, D&A Healthcare, who plans to establish a Town Doctors Urgent Care Center in the renovated property.

Players

Christopher Conway

Atlantic Coastal Real Estate

Broker

$12.1M

vol

40 deals

Broker

Oradell 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