KHC Development Inc Acquires Retail Property In Red Bank For $2.15M
30 West Front Street
$2,150,000
$290/SF
Building Size
7,415 SF
Asset Type
Retail
Closing
Jul 22, 2022
AI
The retail property located at 30 W Front St in Red Bank has been sold for a price of $2,150,000. The property spans across 7,415 square feet, resulting in a price per square foot of $290. The transaction took place on 07/22/2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $2,150,000
- Address: 30 W Front St, Red Bank
- Square Footage: 7,415
- Price Per Square Foot: $290
KHC Development Inc has acquired the property from WOW Plaza VII. The sale was facilitated by Mario Brunelli from RJBrunelli & Company.
Players
Rensselaer Falls 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
7.38%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93