Marcus & Millichap Sells East Brunswick Retail Property For $14M With Brokers Alan Cafiero, Brent Hyldahl & Ben Sgambati
415 New Jersey Highway 18, East Brunswick, New Jersey 08816, United States
$14,000,000
$242/SF
Building Size
57,816 SF
Asset Type
Retail
Closing
Oct 13, 2022
AI
An 57,816 square foot retail property located at 415 Route 18 in East Brunswick has been sold for $14,000,000. The property was listed by Alan Cafiero, Brent Hyldahl, and Ben Sgambati of Marcus & Millichap. The sale price equates to a price per square foot of $242.
Summary of transation details
- Property Type: Retail
- Transaction Amount: $14,000,000
- Address: 415 Route 18
- Market: East Brunswick
Alan Cafiero, Brent Hyldahl, and Ben Sgambati of Marcus & Millichap represented the sellers in this transaction.
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
1.13%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93