Scott Jaitly Acquires Retail Property In Monmouth County For $1.98M
SOLD
$1,980,000
New Jersey
See Similar DealsRetail12,800 SF
Sold 07/29/2022
SOLD
Scott Jaitly Acquires Retail Property In Monmouth County For $1.98M
39 Mill Road
See Similar DealsRetail12,800 SF
Sold 07/29/2022
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$154
Total Square Footage:12,800 SF
Transaction Type:Sale
Located in Monmouth County, Matawan, the retail property at 39 Mill Rd has been sold in a recent transaction. The property spans 12,800 square feet and was sold at a price of $1,980,000, resulting in a price per square foot of $155.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $1,980,000
- Square Footage: 12,800 sqft
- Address: 39 Mill Rd
- Market: Monmouth County, Matawan
The buyer in this transaction is Scott Jaitly, while the seller is Frank Delnero. The deal was facilitated by Glenn Jaffe from Keller Williams, who represented the buyer in the transaction.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$105,600.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,034.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,386.21
Annual Debt Service$112,634.52
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