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3391 State Route 27, Prince...

Franklin Park Retail Property Sells For $56M With Broker Isaiah Harf - Stan Johnson Co
SOLDRetail

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

Isaiah Harf

NorthMarq

Broker

$162.2M

vol

8 deals

Broker

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