SOLDRetail
Marcus & Millichap Brokers Sell Retail Property In Morganville For $4.2M On Route 79
479 Highway 79, Morganville, NJ, USA
$4,210,000
$184/SF
Building Size
22,811 SF
Asset Type
Retail
Closing
Nov 9, 2021
AI
An retail property located at 479 Route 79 in Morganville has been sold for $4,210,000. The property spans 22,811 square feet, resulting in a price per square foot of $185.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $4,210,000
- Address: 479 Route 79, Morganville
- Market: Morganville
- Brokers: Alan Cafiero, Brent Hyldahl & Ben Sgambati - Marcus & Millichap
- Square Footage: 22,811
- Price per Square Foot: $185
The deal was facilitated by the brokers Alan Cafiero, Brent Hyldahl, and Ben Sgambati from Marcus & Millichap.
Players
Morganville 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
3.77%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93