Updated Dec 20, 2023
Kamel Yassia Acquires Retail Property In Wayne For $1.46M
29 Route 23, Wayne, NJ, USA
$1,465,000
$118/SF
Building Size
12,376 SF
Asset Type
Retail
Closing
Mar 9, 2021
About this deal
AI
A retail property located at 29 Route 23 in Wayne was recently sold for $1,465,000. The property spans 12,376 square feet, resulting in a price per square foot of $118.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $1,465,000
- Address: 29 Route 23, Wayne
- Square Footage: 12,376
The buyer of the property was Kamel Yassia, while the sellers were Ho Jane & Lee Duen.
The retail sale at 29 Route 23, Wayne, NJ, USA in Wayne, New Jersey sold for $1.5M in 2021. The building is 12,376 square feet, implying about 118 per square foot on the published price. This page is the Wayne, New Jersey file for the 29 Route 23, Wayne, NJ, USA retail sold: pricing, party profiles, and other closed retail comps from the same Wayne sit in the Market section below. Filter that Wayne retail set by closing date to see what else sold near 29 Route 23, Wayne, NJ, USA around 2021. Published consideration for 29 Route 23, Wayne, NJ, USA is $1.5M, dated 2021. Cite this Kamel Yassia Acquires Retail Property In Wayne For $1.46M sale when underwriting similar retail product around Wayne, New Jersey.
Players
Wayne 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
10.83%
Cash-on-Cash
-3.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93