Updated Oct 28, 2024
389 Dover Chester LLC Purchases Retail Property In Randolph For $1.4M
389 Dover Chester Road, Randolph, NJ 07869
$1,400,000
$23/SF
Building Size
59,677 SF
Asset Type
Retail
Closing
Nov 17, 2021
About this deal
AI
A retail property located at 389 Dover Chester Road in Randolph was recently sold. The property, which is owned by 389 Dover Chester LLC, was sold for a total price of $1,400,000. Cheryl Darmanin from Midtown Commercial Realty represented the buyer in this transaction.
Summary of Transaction Details
- Property Type: Retail
- Sale Price: $1,400,000
- Address: 389 Dover Chester Road
- Market: Randolph
Cheryl Darmanin, a broker from Midtown Commercial Realty, played a crucial role in facilitating this retail property sale. The involvement of Cheryl Darmanin highlights the significance of having a skilled representative in real estate transactions.
Players
Randolph Township 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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93