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400 John F Kennedy Way

Joe Bijou Acquires Retail Asset In Willingboro For $4 Million With Legacy Realty Group Advisors
SOLDRetail

Joe Bijou Acquires Retail Asset In Willingboro For $4 Million With Legacy Realty Group Advisors

400 John F Kennedy Way

$4,000,000

$67/SF

Building Size

58,900 SF

Asset Type

Retail

Closing

Jun 3, 2024

AI

The property asset involved in this transaction is a retail space located at 400 John F Kennedy Way in Willingboro. The sale price for the property was $4,000,000, with a total square footage of 58,900, amounting to a price per square foot of $68.

Summary of transaction details:

The transaction was facilitated by key representatives from both sides. The buyer, Joe Bijou, was represented by Jacob Baruch, Jonah Warshaw, and Ari Warshaw of Legacy Realty Group Advisors, LLC, while the seller, Mark F Victor, was represented by Blaine Foreman of Metro Commercial.

Players

Jacob Baruch

Legacy Realty Group Advisors

Broker

$551.8M

vol

39 deals

Broker

Willingboro 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