Private LLC Acquires Property In Paulsboro For $3.5 Million With Buyer's Representative Derrick Dougherty
51 Berkley Rd, Paulsboro, NJ, 08066
$3,500,000
$721/SF
Building Size
4,854 SF
Asset Type
Retail
Closing
Nov 19, 2023
AI
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
Paulsboro 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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93