Cushman & Wakefield Brokers Sell Retail Property In Fairfield For $4.6M
SOLD
$4,600,000
+ 2
New Jersey
See Similar DealsRetail4,560 SF
Sold 01/26/2022
SOLD
Cushman & Wakefield Brokers Sell Retail Property In Fairfield For $4.6M
387 Passaic Avenue, Fairfield Township, New Jersey 07004, United States
See Similar DealsRetail4,560 SF
Sold 01/26/2022
+ 2
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$1,008
Total Square Footage:4,560 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$245,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,342.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,806.35
Annual Debt Service$261,676.16
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