Heritage San Leandro LP Acquires Retail Property In Bridgewater Township For $10.9M
440 Union Avenue, Bridgewater, New Jersey 08807, United States
$10,900,000
$742/SF
Building Size
14,688 SF
Asset Type
Retail
Closing
Jun 23, 2022
AI
The retail property located at 440 Union Ave in Bridgewater Township has been sold for a total price of $10,900,000. The transaction took place on June 24, 2022. The property spans across 14,688 square feet, resulting in a price per square foot of $742.
Summary of transaction details
- Property Type: Retail
- Transaction Amount: $10,900,000
- Date: 06/24/2022
- Address: 440 Union Ave
- Market: Bridgewater Township
- Square Footage: 14,688
- Price per Square Foot: $742
The buyer of the property is Heritage San Leandro LP. The sale was facilitated by broker Karly Iacono from CBRE. No additional information is available regarding other individuals or companies involved in the deal.
Players
Bridgewater Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.46%
Cash-on-Cash
-0.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93