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

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SOLD
$425,000

New Jersey

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Retail5,428 SF
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SOLD

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

470 Route 38, Maple Shade, NJ, USA

See Similar Deals
Retail5,428 SF
Sold
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Summary

NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$78
Total Square Footage:5428 SF
Transaction Type:Sale

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

3 deals$425K volume
BROKER

Details

SOLD
IMAGE: Jeffra Nandan & Ken Richardson DATE: 08/27/2021 ADDRESS: 470 Route 38 MARKET: Maple Shade, NJ ASSET TYPE: Retail SELLER: Overbrook Associates - Jeffra Nandan BROKER: Ken Richardson - Vantage Commercial SALE PRICE: $425,000 SF: 5,428 ~ PPSF: $78

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$22,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$1,509.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$2,014.72
Annual Debt Service$24,176.60