KHC Development Inc Acquires Retail Property In Red Bank For $2.15M
SOLD
$2,150,000
New Jersey
See Similar DealsRetail7,415 SF
Sold 07/22/2022
SOLD
KHC Development Inc Acquires Retail Property In Red Bank For $2.15M
30 West Front Street
See Similar DealsRetail7,415 SF
Sold 07/22/2022
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$290
Total Square Footage:7,415 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$114,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,638.49
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,192.10
Annual Debt Service$122,305.16
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