Updated Oct 14, 2026
Jared Feldman Of First National Realty Partners Acquires Winslow Plaza In Sicklerville For $8.5M
542 Berlin Cross Keys Road
$8,500,000
$208/SF
Building Size
40,700 SF
Asset Type
Retail
Closing
Jul 6, 2025
About this deal
AI
The property involved in the transaction is a fully leased retail strip mall located at 542 Berlin Cross Keys Road, Sicklerville, NJ. The sale was finalized for $8,500,000, encompassing 40,700 square feet, resulting in a price per square foot of $209.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $8,500,000
- Buyer: Jared Feldman - First National Realty Partners
- Seller: Andrew Franklin - Wheeler Real Estate Investment Trust
- Brokers: Colin Behr & Chris Munley - CBRE
- Average Tenure of Tenants: 13+ years
The deal reflects First National Realty Partners' acquisition of Winslow Plaza, which features long-term tenants including UPS and H&R Block. Wheeler Real Estate Investment Trust previously purchased the property for $6.6 million in 2013, marking the evolution of its ownership.
On the Map
$8,500,000
$208/SF
Retail
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Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93