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3275 US Route 9

Arvand Patel Acquires Freehold Retail Property For $4.15M Via KW Commercial & EXP Realty
SOLDRetail

Arvand Patel Acquires Freehold Retail Property For $4.15M Via KW Commercial & EXP Realty

3275 US Route 9

$4,150,000

$728/SF

Building Size

5,700 SF

Asset Type

Retail

Closing

Jun 28, 2024

AI

The property involved in this transaction is a retail asset located at 3275 Us Route 9 in Freehold. The property spans 5,700 square feet and was sold for $4,150,000, translating to a price per square foot of $728.

Summary of transaction details:

The transaction involved the sale of a Liquor Store along with the real estate. Joseph Spinella and Cole Malinowski from KW Commercial, in collaboration with Henry Eisenstein from EXP Realty, represented the parties in this deal.

Players

Joseph Spinella

Keller Williams Realty

Broker

$55.7M

vol

24 deals

Broker

Freehold 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

3.82%

Cash-on-Cash

-1.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93