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39 Mill Road

Scott Jaitly Acquires Retail Property In Monmouth County For $1.98M
SOLDRetail

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.

Players

Glenn Jaffe

Keller Williams Realty

Broker

$15.3M

vol

7 deals

Broker

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