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33 Main Street, Woodbridge,...

Updated Dec 21, 2023

Mihir Khandhedia Acquires Retail Property On 33 Main St In Woodbridge For $1.2M
SOLDRetail

Mihir Khandhedia Acquires Retail Property On 33 Main St In Woodbridge For $1.2M

33 Main Street, Woodbridge, New Jersey 07095, United States

$1,200,000

$158/SF

Building Size

7,594 SF

Asset Type

Retail

Closing

Jul 5, 2022

About this deal

AI

The retail property located at 33 Main St in Woodbridge has been sold in a closed transaction. The property spans a total area of 7,594 square feet and was sold for a price of $1,200,000, resulting in a price per square foot of $158.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $1,200,000
  • Address: 33 Main St, Woodbridge
  • Market: Woodbridge
  • Buyer: Mihir Khandhedia
  • Seller: Michael A Cerami
  • Square Footage: 7,594

Mihir Khandhedia acted as the buyer in this transaction, while Michael A Cerami represented the seller. The deal has been successfully completed, marking a significant transaction in the Woodbridge retail market.

Players

Woodbridge Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Deal FAQ

About $158 per square foot on a published $1.2M for 7,594 square feet (2022).

Browse New Jersey retail sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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