Updated Sep 9, 2024
Marcus & Millichap Sells Retail Property In Millburn For $3.2M
313 Millburn Avenue, Millburn, New Jersey 07041, United States
$3,200,000
$355,555/SF
Building Size
9 SF
Asset Type
Retail
Closing
Dec 21, 2022
About this deal
AI
A retail property located at 313 Millburn Avenue in Millburn has been sold for a price of $3,200,000. The property spans a total area of 9,352 square feet, resulting in a price per square foot of $342. The transaction took place on December 21, 2022.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $3,200,000
- Address: 313 Millburn Avenue
- Market: Millburn
- Asset Type: Retail
The sale of this property was facilitated by brokers Alan Cafiero, David Cafiero, and Dean Matuszewicz from Marcus & Millichap.
Players
Millburn 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
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93