Updated Dec 20, 2023
Marcus & Millichap Sells Retail Property In East Brunswick For $4M With Brokers Alan Cafiero & Brent Hyldahl
393 New Jersey Highway 18, East Brunswick, New Jersey 08816, United States
$4,000,000
$235/SF
Building Size
16,993 SF
Asset Type
Retail
Closing
Feb 1, 2022
About this deal
AI
A 1.8-acre retail property located at 393 Route 18 in East Brunswick has been sold for $4,000,000. The property spans a total of 16,993 square feet, with a price per square foot of $235. The transaction took place on February 2, 2022.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,000,000
- Address: 393 Route 18, East Brunswick
- Market: East Brunswick
- ACRES: 1.8
The sale was facilitated by Alan Cafiero and Brent Hyldahl from Marcus & Millichap. They represented the parties involved in the transaction as brokers.
Players
East Brunswick 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
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93