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314-316 Orange Road

The Claudius Group - KW Commercial Sells Retail/Office Medical Property In Montclair For $1.45M
SOLDRetail

The Claudius Group - KW Commercial Sells Retail/Office Medical Property In Montclair For $1.45M

314-316 Orange Road

$1,450,000

$483/SF

Building Size

3,000 SF

Asset Type

Retail

Closing

Dec 30, 2022

AI

Located at 314-316 Orange Road in Montclair, this retail/office medical property was recently sold in a closed transaction. The property spans over 3,000 square feet and offers versatile space for various business needs. The sale price for this property was $1,450,000, with an asking price of $1,500,000, resulting in a price per square foot of $483.

Summary of transaction details:

  • Property Type: Retail/Office Medical
  • Transaction Amount: $1,450,000
  • Address: 314-316 Orange Road, Montclair
  • Market: Montclair
  • Broker: Marcos Claudius - The Claudius Group - KW Commercial

Marcos Claudius from The Claudius Group - KW Commercial represented the parties involved in this transaction. This successful sale showcases the expertise and negotiation skills of Marcos Claudius and highlights the demand for properties in Montclair's market.

Players

Marcos Claudius, CCIM

Keller Williams Realty

Broker

$10.3M

vol

4 deals

Broker

Montclair 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

10.94%

Cash-on-Cash

-3.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93