Franklin Park Retail Property Sells For $56M With Broker Isaiah Harf - Stan Johnson Co
3391 State Route 27, Princeton, New Jersey 08540, United States
$56,000,000
$405/SF
Building Size
138,000 SF
Asset Type
Retail
Closing
Jul 11, 2022
AI
The retail property located at 3391 State Route 27 in Franklin Park has been recently sold for a total of $56,000,000. The transaction took place on 07/12/2022 and was facilitated by Isaiah Harf from the real estate agency Stan Johnson Co. The property spans 138,000 square feet, resulting in a price per square foot of $406.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $56,000,000
- Date: 07/12/2022
- Address: 3391 State Route 27
- Market: Franklin Park
- Broker: Isaiah Harf - Stan Johnson Co.
- Square Footage: 138,000
- Price per Square Foot: $406
Isaiah Harf, representing Stan Johnson Co., played a pivotal role in the successful completion of the transaction.
Players
Kendall Park 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
0.28%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93