Daily limit: 0/10
Private Investor Acquires 22,000 Square Foot Retail Property In Rutherford For $7.35 Million
SOLD
$7,350,000
New Jersey
See Similar DealsRetail44,000 SF
Sold 11/24/2025
SOLD
Private Investor Acquires 22,000 Square Foot Retail Property In Rutherford For $7.35 Million
308 Union Avenue & 314 Union Avenue
See Similar DealsRetail44,000 SF
Sold 11/24/2025
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$167
Total Square Footage:44,000 SF
Transaction Type:Sale
A private investor acquired a 22,000-square-foot retail property at 308-314 Union Avenue in Rutherford for $7.35 million. The location features a strong tenant mix, including Dunkin’ and Kiddie Academy, and is conveniently situated near major highways and NJ Transit. The property underwent renovation in 2019 and received nearly 10 offers before being sold to a local cash buyer.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $7,350,000
- Square Footage: 22,000
- Price Per Square Foot: $334
- Address: 308-314 Union Avenue
- Market: Rutherford
Alan Cafiero, David Cafiero, and John Moroz represented the transaction for Marcus & Millichap, facilitating the deal that attracted significant interest due to its tenant profile and location advantages.
Players
BROKERAGE
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)
$391,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$26,113.00
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,842.75
Annual Debt Service$418,113.00
Is there something missing? Send suggestions