Marcus & Millichap Brokers Sell Retail Property In Morganville For $4.2M On Route 79
SOLD
$4,210,000
New Jersey
See Similar DealsRetail22,811 SF
Sold 11/09/2021
SOLD
Marcus & Millichap Brokers Sell Retail Property In Morganville For $4.2M On Route 79
479 Highway 79, Morganville, NJ, USA
See Similar DealsRetail22,811 SF
Sold 11/09/2021
Summary
NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$184
Total Square Footage:22,811 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$224,533.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,957.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,957.55
Annual Debt Service$239,490.57
Is there something missing? Send suggestions