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:
- Property Type: Automotive Repair Building
- Transaction Amount: Not specified
- Address: 285 Kinderkamack Rd, Oradell, NJ
- Market: Oradell
- Buyer: D&A Healthcare
- Seller: L.B. Holdings
- Buyer's Representative: Katerina Aghubi - Metropolitan Realty and Development Group
- Seller's Representative: Christopher "Chris" Conway - The Goldstein Group
- Square Footage: 2020
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
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