facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New Jersey

/

Retail

/

Sale

/

301 South Main Road, Vinela...

Devli Real Estate Acquires Retail Property In Vineland For $13.1M
SOLDRetail

Devli Real Estate Acquires Retail Property In Vineland For $13.1M

301 South Main Road, Vineland, NJ, USA

$13,100,000

$94/SF

Building Size

138,445 SF

Asset Type

Retail

Closing

Jan 14, 2021

AI

Devli Real Estate has acquired a retail property located at 301 South Main Road in Vineland. This transaction was facilitated by Kodi Traver, Joseph French Jr., Thomas Dalzell, and Mark Taylor of Marcus & Millichap. The property spans 138,445 square feet and was sold for a total price of $13,100,000, resulting in a price per square foot of $95.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $13,100,000
  • Date: 01/15/2021
  • Address: 301 South Main Road, Vineland
  • Market: Vineland

Kodi Traver, Joseph French Jr., Thomas Dalzell, and Mark Taylor from Marcus & Millichap represented Devli Real Estate in this transaction. This acquisition showcases the involvement of key individuals and companies in the successful purchase of the retail property in Vineland.

Players

Joseph French Jr.

Marcus & Millichap

Broker

$93.1M

vol

12 deals

Broker

Vineland Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.21%

Cash-on-Cash

-0.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93