Scott Jaitly Acquires Retail Property In Monmouth County For $1.98M
39 Mill Road
$1,980,000
$154/SF
Building Size
12,800 SF
Asset Type
Retail
Closing
Jul 29, 2022
AI
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.
Nottingham 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
8.01%
Cash-on-Cash
-2.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93