Updated Oct 28, 2024
VP Motors Acquires Retail Property In Edison, NJ For $5M
540 US Highway 1, Edison, New Jersey 08817, United States
$5,000,000
$287/SF
Building Size
17,404 SF
Asset Type
Retail
Closing
Oct 25, 2022
About this deal
AI
The retail property located at 540 US-1 in Edison, NJ has been sold in a transaction. The sale took place on October 26, 2022. The property, spanning 17,404 square feet, was purchased by VP Motors DBA Edison Auto Lounge. The buyer was represented by Lew Finkelstein & CJ Huter from The Goldstein Group. The seller of the property was AMD Realty.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $5,000,000
- Address: 540 US-1, Edison, NJ
- Market: Edison, NJ
- Buyer: VP Motors DBA Edison Auto Lounge
- Seller: AMD Realty
- Brokers: Lew Finkelstein & CJ Huter - The Goldstein Group
- Square Footage: 17,404
- Price per Square Foot: $287
Lew Finkelstein and CJ Huter, both from The Goldstein Group, represented both the buyer and seller in this transaction.
Players
Edison 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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93