Paramount Realty Services Acquires Retail Property In West Long Branch, NJ For $63M
310 Route 36,West Long Branch, NJ 07764, USA
$63,000,000
$215/SF
Building Size
293,087 SF
Asset Type
Retail
Closing
Dec 1, 2022
AI
The retail property located at 310 Route 36 in West Long Branch, NJ has been sold. The transaction took place on 12/01/2022.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $63,000,000
- Square Footage: 293,087
- Price per Square Foot: $215
- Address: 310 Route 36, West Long Branch, NJ
- Market: West Long Branch, NJ
The buyer of the property was Paramount Realty Services, while the seller was Site Centers. The transaction was facilitated by Brad Nathanson from Institutional Property Advisors, which is part of Marcus & Millichap.
Players
Eatontown 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
0.25%
Cash-on-Cash
-0.07%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93