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470 Route 38, Maple Shade, ...

Overbrook Associates Sells Retail Property In Maple Shade, NJ For $425,000
SOLDRetail

Overbrook Associates Sells Retail Property In Maple Shade, NJ For $425,000

470 Route 38, Maple Shade, NJ, USA

$425,000

$78/SF

Building Size

5,428 SF

Asset Type

Retail

Closing

Aug 27, 2021

AI

Located at 470 Route 38 in Maple Shade, NJ, this retail property was recently sold for $425,000. Spanning 5,428 square feet, the property was sold at a price of $78 per square foot.

Summary of transaction details

  • Property Type: Retail
  • Transaction Amount: $425,000
  • Address: 470 Route 38, Maple Shade, NJ
  • Market: Maple Shade, NJ
  • Seller: Overbrook Associates - Jeffra Nandan
  • Broker: Ken Richardson - Vantage Commercial

Jeffra Nandan, representing Overbrook Associates, acted as the seller in this transaction. Ken Richardson from Vantage Commercial served as the broker. The sale of this retail property presents a valuable opportunity in the Maple Shade market.

Players

Ken Richardson

Broker

$425K

vol

3 deals

Broker

Maple Shade 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

37.32%

Cash-on-Cash

-10.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93