Updated Dec 21, 2023
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
About this deal
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