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.
Montclair Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
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