Marcus & Millichap Sells Retail Center On Goffle Road In Wyckoff For $4.28M
403-411 Goffle Road
$4,275,000
Building Size
—
Asset Type
Retail
Closing
Jan 2, 2025
AI
This transaction involved the sale of a retail center located at 403-411 Goffle Road in Wyckoff, New Jersey. The property, which was built in 1990 and underwent renovations in 2020, spans 10,192 square feet. It was sold for $4,275,000 and is anchored by JAG-ONE Physical Therapy, hosting a mix of local service tenants.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,275,000
- Address: 403-411 Goffle Road
- Market: Wyckoff
- Property Size: 10,192 square feet
- Year Built: 1990
- Year Renovated: 2020
- Anchoring Tenant: JAG-ONE Physical Therapy
The sale was facilitated by John Moroz, David Cafiero, and Alan Cafiero of Marcus & Millichap, who represented the parties involved in this transaction. Their expertise contributed to the successful closing of this retail asset sale.
Players
Wyckoff 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
3.71%
Cash-on-Cash
-1.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93