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430 N Wood Ave

Mohammad Mustamand Acquires Retail Property At 430 N Wood Ave In Linden For $1.7M
SOLDRetail

Mohammad Mustamand Acquires Retail Property At 430 N Wood Ave In Linden For $1.7M

430 N Wood Ave

$1,700,000

Building Size

Asset Type

Retail

Closing

Jan 10, 2023

AI

The retail property located at 430 N Wood Ave in Linden has been sold for $1,700,000. The property spans across 13,090 square feet, resulting in a price per square foot of $130. The transaction took place on January 10, 2023.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $1,700,000
  • Address: 430 N Wood Ave
  • Market: Linden

The buyer of the property is Mohammad Mustamand, while the seller is Cliff Cicila. The transaction was facilitated by brokers Rob DiFranco and Michael "Mike" Lombardi from Horvath & Tremblay.

Players

Michael Lombardi

Horvath & Tremblay

Broker

$114.8M

vol

29 deals

Broker

Market 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

9.33%

Cash-on-Cash

-2.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93