Updated Dec 19, 2023
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
About this deal
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