Updated May 26, 2025
Marcus & Millichap Brokers $10M Sale Of Saigon Plaza Retail Center In Pennsauken New Jersey
$10,000,000
$224/SF
Building Size
44,490 SF
Asset Type
Retail
Closing
May 23, 2025
About this deal
AI
A retail center located at 5201 New Jersey Highway 38 in Pennsauken Township, NJ, was sold for $10,000,000. This asset has a total square footage of 44,490, translating to a price per square foot of $225. The property is anchored by Sun Seng Supermarket.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $10,000,000
- Address: 5201 New Jersey Highway 38
- Market: Pennsauken Township, NJ
- Square Footage: 44,490
- Price per Square Foot: $225
- Brokers: Derrick Dougherty & Mark Krantz - Marcus & Millichap
Mark Krantz and Derrick Dougherty represented the seller in this transaction, who is also the operator of Sun Seng Supermarket, providing specialized representation in the brokerage of this retail property. The identity of the buyer remains undisclosed.
Players
Market 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
1.59%
Cash-on-Cash
-0.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93