Updated Oct 28, 2024
Cushman & Wakefield Brokers Sell Retail Property In Fairfield For $4.6M
387 Passaic Avenue, Fairfield Township, New Jersey 07004, United States
$4,600,000
$1,008/SF
Building Size
4,560 SF
Asset Type
Retail
Closing
Jan 25, 2022
About this deal
AI
A retail property located at 387 Passaic Ave in Fairfield has been sold for a price of $4,600,000. The property spans 4,560 square feet with a price per square foot of $1,009.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,600,000
- Address: 387 Passaic Ave, Fairfield
- Market: Fairfield
The seller of the property was Indian Ridge Investments LLC. The deal was facilitated by the brokers Andy Merin, Brian Whitmer, Andy Schwartz, Jordan Sobel, and André Balthazard from Cushman & Wakefield.
On the Map
$4,600,000
$1,008/SF
Retail
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Players
Fairfield 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
3.45%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93