Marcus & Millichap Sells East Brunswick Retail Property For $14M With Brokers Alan Cafiero, Brent Hyldahl & Ben Sgambati
SOLD
$14,000,000
New Jersey
See Similar DealsRetail57,816 SF
Sold
SOLD
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
See Similar DealsRetail57,816 SF
Sold
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$242
Total Square Footage:57816 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$746,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$49,739.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$66,367.14
Annual Debt Service$796,405.71
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