Devli Real Estate Acquires Retail Property In Vineland For $13.1M
SOLD
$13,100,000
+ 1
New Jersey
See Similar DealsRetail138,445 SF
Sold
SOLD
Devli Real Estate Acquires Retail Property In Vineland For $13.1M
301 South Main Road, Vineland, NJ, USA
See Similar DealsRetail138,445 SF
Sold
+ 1
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$94
Total Square Footage:138445 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$698,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$46,541.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$62,100.68
Annual Debt Service$745,208.20
Is there something missing? Send suggestions