Updated Oct 29, 2024
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
About this deal
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.
On the Map
$13,100,000
$94/SF
Retail
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Players
Vineland 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
1.21%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93