Updated Dec 21, 2023
Jitendra Lodhia Acquires Retail Property In Matawan, NJ For $6.75M
343 Matawan Road, Matawan, New Jersey 07747, United States
$6,750,000
$202/SF
Building Size
33,418 SF
Asset Type
Retail
Closing
Apr 24, 2022
About this deal
AI
The retail property located at 343 Matawan Rd in Matawan, NJ has been sold for a total price of $6,750,000. The property spans an area of 33,418 square feet, resulting in a price per square foot of $201.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $6,750,000
- Address: 343 Matawan Rd, Matawan, NJ
The buyer of the property is Jitendra Lodhia, while the seller is Ted Kuo.
The retail sale at 343 Matawan Road, Matawan, New Jersey 07747, United States in Matawan, New Jersey sold for $6.8M in 2022. The building is 33,418 square feet, implying about 202 per square foot on the published price. This page is the Matawan, New Jersey file for the 343 Matawan Road, Matawan, New Jersey 07747, United States retail sold: pricing, party profiles, and other closed retail comps from the same Matawan sit in the Market section below. Filter that Matawan retail set by closing date to see what else sold near 343 Matawan Road, Matawan, New Jersey 07747, United States around 2022. Published consideration for 343 Matawan Road, Matawan, New Jersey 07747, United States is $6.8M, dated 2022. Cite this Jitendra Lodhia Acquires Retail Property In Matawan, NJ For $6.75M sale when underwriting similar retail product around Matawan, New Jersey.
Players
Matawan 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
2.35%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93