Marcus & Millichap Sells Grocery-Anchored Shopping Center In Paulsboro For $2.5M
545 West Broad Street
$2,502,900
$54/SF
Building Size
46,236 SF
Asset Type
Retail
Closing
Nov 7, 2024
AI
A grocery-anchored shopping center located at 545 West Broad Street in Paulsboro sold for $2,502,900. The property spans 46,236 square feet and is anchored by Save-A-Lot and Dollar Tree, reflecting a strong market for retail assets in the area.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $2,502,900
- Square Footage: 46,236
- Price Per Square Foot: $54
- Market: Paulsboro
The transaction was facilitated by the brokers Alan Cafiero, Brent Hyldahl, and Seth Goldberg from Marcus & Millichap. The deal involved a buyer completing a 1031 exchange, underscoring the high demand for such retail properties in New Jersey.
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
6.34%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93