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Private LLC Acquires Property In Paulsboro For $3.5 Million With Buyer's Representative Derrick Dougherty

Property Image
SOLD
$3,500,000
Scott Woodard
Derrick Dougherty

New Jersey

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Retail4,854 SF
the dealplayerscompscontact
Property Image
SOLD

Private LLC Acquires Property In Paulsboro For $3.5 Million With Buyer's Representative Derrick Dougherty

51 Berkley Rd, Paulsboro, NJ, 08066

See Similar Deals
Retail4,854 SF
Scott Woodard
Derrick Dougherty
the dealplayerscompscontact
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Summary

NEW JERSEY
Asset Type:Retail
Price Per Square Foot:$721
Total Square Footage:4,854 SF
Transaction Type:Sale

The property involved in the transaction is a retail asset located at 51 Berkley Rd, Paulsboro, NJ, 08066. It occupies a space of 4,854 square feet and was sold for $3,500,000. The sale reflects a capitalization rate of 4.69 percent in the Paulsboro market.

Summary of transaction details:

  • Property Type: Retail
  • Transaction Amount: $3,500,000.00
  • Square Footage: 4,854
  • Address: 51 Berkley Rd, Paulsboro, NJ, 08066
  • Market: Paulsboro
  • Buyer’s Representative: Derrick Dougherty, Scott Woodard - Marcus & Millichap
  • Buyer: Private LLC
  • Seller: Undisclosed

Derrick Dougherty and Scott Woodard of Marcus & Millichap represented the buyer in this transaction. The seller's identity remains undisclosed, and the buyer is a private limited liability company.

Players

Derrick Dougherty
Marcus & Millichap
Derrick Dougherty
27 deals$178.4M volume
BROKER
Scott Woodard
Marcus & Millichap
Scott Woodard
13 deals$111.4M volume
BROKER
PL
Private LLC
BUYER

Details

SOLD
IMAGE: 51 Berkley Rd, Paulsboro, NJ, 08066 MARKET: Paulsboro BUYER'S REP: Derrick Dougherty, Scott Woodard -Marcus & Millichap BUYER: Private LLC PRICE: $3,500,000.00 SF: 0

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

$186,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43